Sichuan Jiuzhou Electronic Co., Ltd. (SZSE:000801) agreed to acquire 51.9% stake in Chengdu Jiuzhou Difei Technology Co., Ltd. from Sichuan Jiuzhou Investment Holding Group Co., Ltd. for approximately CNY 140 million on April 29, 2020. Within 10 working days from the agreement effective date, Sichuan Jiuzhou Electronic will pay 50% of the transfer price and within 10 working days from the transfer completion date, Sichuan Jiuzhou Electronic will pay 50% of the transfer price. in Chengdu Jiuzhou Difei Technology reported total assets of CNY 448.3 million and net assets of CNY 128.6 million as on June 30, 2020. The transaction is subject to approval by the shareholders of Sichuan Jiuzhou Electronic and was approved by the Board of Sichuan Jiuzhou Electronic.