SG Micro Corp (SZSE:300661) signed a share transfer agreement to acquire 51% stake in Shanghai Pingsheng Microelectronics Technology Co., Ltd. from Wang Yang and Zhu Lijuan on May 28, 2019. SG Micro Corp will subsequently carried out its capital increase. SG Micro Corp (SZSE:300661) cancelled the acquisition of 51% stake in Shanghai Pingsheng Microelectronics Technology Co., Ltd. from Wang Yang and Zhu Lijuan on May 28, 2020.