Hangzhou Zhongyi Investment Management Co., Ltd and an unknown buyer entered into a share transaction contract to acquire Zhejiang ULIRvision Technology Co., LTD (ULIRvision) from Zhejiang Jindun Fans Co.,Ltd (SZSE:300411) and Shaoxing Jindun Technology Co., Ltd. for approximately CNY 230 million on April 22, 2021. As reported, Hangzhou Zhongyi Investment Management Co. will acquire 51.72% stake in ULIRvision while the other buyer will acquire 48.28% stake. On April 23, 2021, the buyers have paid the first-phase transfer consideration as agreed in the contract. As of October 31, 2020, ULIRvision reported total assets of CNY 500.6 million and net assets of CNY 437.2 million.