Boomsense Technology Co.,Ltd. (SZSE:300312) signed an agreement to acquire additional 20% stake in Beijing Touchwings Technology Co., Ltd. from Shanghai Xinghong Asset Management Co., Ltd. for CNY 60.2 million on September 28, 2017. Boomsense Technology will finance the deal value with self-financed funds. For the year ending December 31, 2016, Beijing Touchwings reported total assets of CNY 70.2 million, net assets of CNY 64.1 million, operating revenue of CNY 1.6 million and net loss of CNY 8.3 million. This transaction does not need approval from the shareholders of Boomsense Technology. This transaction has been approved at Boomsense Technology's 10th session of the 3rd directorate.