Sichuan Jiuzhou Electronic Co., Ltd. (SZSE:000801) signed a share transfer intention agreement to acquire 80% stake in Sichuan Jiuzhou Prevention and Control Technology Co., Ltd. and 51.94% stake in Chengdu Jiuzhou Difei Technology Co., Ltd. from Sichuan Jiuzhou Electric Group Co., Ltd. on April 27, 2020. The transaction price and calculation method shall be determined by the parties to the transaction after the completion of relevant due diligence and evaluation. As of December 31, 2019, Sichuan Jiuzhou Prevention and Control Technology Co., Ltd. and Chengdu Jiuzhou Difei Technology Co., Ltd. reported total assets of CNY 546.4 million, total revenue of CNY 250.76 million and CNY 34.03 million. The transaction was approved by the board of directors of Sichuan Jiuzhou Electronic Co., Ltd on the second meeting of the 11th board of directors of the company in 2020 held on April 27, 2020. The transaction still needs to be approved by the shareholders of Sichuan Jiuzhou Electronic Co., Ltd in the general meeting and related parties interested in the related party transaction. Sichuan Jiuzhou Electronic Co., Ltd. (SZSE:000801) cancelled the acquisition of 80% stake in Sichuan Jiuzhou Prevention and Control Technology Co., Ltd. and 51.94% stake in Chengdu Jiuzhou Difei Technology Co., Ltd. from Sichuan Jiuzhou Electric Group Co., Ltd. on December 11, 2020