Guangzhou Rail Transit Industry Investment Development Fund (Limited Partnership), a fund of Guangzhou Huiyin Huiji Investment Fund Management Co., Ltd. signed an agreement to acquire 10% stake in Beijing Dinghan Technology Co., Ltd. (SZSE:300011) from Beijing Dinghan Electric Scientific & Technological Co., Ltd. and Gu Qingwei for approximately CNY 320 million on November 12, 2018. Under the transaction, Guangzhou Rail Transit Industry acquires 29.7 million shares from Gu Qingwei and 26.3 million shares from Beijing Dinghan Electric Scientific. Transaction price is CNY 5.69 per share. Consideration will be paid in 3 installments, a first installment for 10% of the transaction price will be paid within 5 days since completion of some formalities, a second installment for 70% of the price will be paid within 5 days since completion and third installment for 20% of the transactional price will be paid within 5 days since completion of change of registry procedures. The transaction is subject to Board of Director approval of Beijing Dinghan Technology. Guangzhou Rail Transit Industry Investment Development Fund (Limited Partnership), a fund of Guangzhou Huiyin Huiji Investment Fund Management Co., Ltd. completed the acquisition of 9.12% stake in Beijing Dinghan Technology Co., Ltd. (SZSE:300011) from Beijing Dinghan Electric Scientific & Technological Co., Ltd. and Gu Qingwei for approximately CNY 290 million on January 10, 2019. On December 27, 2018, parties signed share transfer agreement supplement agreement to sell 51 million shares at CNY 5.69 per share. Post acquisition, Gu Qingwei, Xinyu Dinghan Electric Technology Co., Ltd. and Guangzhou Rail Transit Industry Investment were held 16.13%, 11.46% and 9.12% stake respectively.