Shenzhen Xuxun Technology Co., Ltd. signed an equity transfer agreement to acquire 59.04% stake in Shenzhen Raysens Technologies Co., Ltd. from Geeya Technology Co., Ltd. (SZSE:300028) for CNY 41.3 million on April 3, 2015. After the completion of the transaction, Geeya Technology will no longer hold any stake in Shenzhen Raysens Technologies. Shenzhen Raysens Technologies reported total assets of CNY 94.8 million, owner's equity of CNY 47.54 million, revenues of CNY 77.1 million, operating profit of CNY 1.78 million and net profit of CNY 1.35 million as of December 31, 2014. The deal was approved by the Board of Directors of Geeya Technology and the transaction does not require the approval of the stockholders of Geeya Technology.

Shenzhen Xuxun Technology Co., Ltd. cancelled the acquisition of 59.04% stake in Shenzhen Raysens Technologies Co., Ltd. from Geeya Technology Co., Ltd. (SZSE:300028) on April 3, 2016.