China Dive Company Limited (SZSE:300526) agreed to acquire Hefei Xinpeng Technology Co., Ltd. and 9.05% stake in Hefei Datang Storage Technology Co., Ltd. from Hefei Hi-tech Datang Industrial Investment Partnership Enterprise (Limited Partnership), Hefei Yichao Electronic Technology Co., Ltd., Hefei Ruihan Electronic Technology Co., Ltd. and Gongqingcheng Haizhixin Investment Partnership Enterprise (Limited Partnership) on March 12, 2020. As per the terms of the transaction China Dive Company Limited will acquire 100% stake from Hefei Hi-tech Datang Industrial Investment Partnership Enterprise (Limited Partnership), Hefei Yichao Electronic Technology Co., Ltd. and Hefei Ruihan Electronic Technology Co., Ltd. and 9.051% stake from Gongqingcheng Haizhixin Investment Partnership Enterprise (Limited Partnership). The total transaction price to be received will be based on the confirmed value in the assessment report and the sellers will be getting their respective portion based on their shareholding in Hefei Datang Storage Technology Co., Ltd. as of formal agreement signing date. The transaction will be financed from own funds. Full due diligence, auditing, and asset evaluation are still required for this stake acquisition.