SinoDaan Co., Ltd. (SZSE:300635) signed an equity purchase agreement to acquire 4.18% stake in Guangdong Ro-Info Development Co., Ltd. from Guangzhou Longyue Communication Network Equipment Co., Ltd. and GD Newsway Travel&Leisure Inc for CNY 3.6 million on January 13, 2019. Payment in the transfer operation will be made in one single installment within 7 days since obtaining all relevant documents for the delivery of underlying equity. In a related transaction, Guangdong Ro-Info Development Co., Ltd. announced that it will receive CNY 4.95 million in equity round of funding from SinoDaan Co., Ltd. (SZSE:300635) on January 13, 2019. After the completion of both the deals, SinoDaan will hold 10% stake in Guangdong Ro-Info while stake of Guangzhou Longyue Communication Network Equipment Co., Ltd. and GD Newsway Travel&Leisure Inc will reduce from 60% and 40% to 54% and 36% respectively. The transaction was approved by the 4th meeting of the 3rd directorate of SinoDaan.