Dongfeng Sci-Tech Group Co., Ltd. (SZSE:200160) signed a share transfer agreement to acquire the remaining 30% stake in Dongguan Dongfeng Technology Development Co., Ltd. from Wu Zhe for nil consideration on December 19, 2018. Post completion, Dongfeng Sci-Tech Group Co., Ltd. will hold 100% stake in Dongguan Dongfeng Technology Development Co., Ltd. For the year ended December 31, 2017, Dongguan Dongfeng Technology Development Co., Ltd. had total assets of CNY 98.3 million, net assets of CNY 69.7 million, nil revenue and net loss of CNY 0.32 million. The transaction was approved by the Board of Directors of Dongfeng Sci-Tech Group Co., Ltd. on December 19, 2018 and does not need shareholders' approval.