Shenzhen Smart City Technology Development Group Co. Ltd. signed a share transfer agreement to acquire 3.09% stake in Beijing E-Techstar Co.,Ltd. (SZSE:300513) from Qian Sujin for approximately CNY 110 million on May 6, 2022. As per the transaction, Shenzhen Smart City Technology Development Group Co. Ltd. will acquire 9,690,000 shares at CNY 11.03 per share. The transaction is subject to approval by State Administration for Market Regulation.