Fujian Electronics & Information (Group) Co.,Ltd signed an agreement to acquire 5.44% stake in Holitech Technology Co., Ltd. (SZSE:002217) from Wen Kaifu for CNY 0.72 million on November 30, 2020. As per terms, Fujian Electronics & Information (Group) Co.,Ltd will acquire 169.50 million shares at CNY 4.27 per share. Post completion, Fujian Electronics & Information (Group) Co.,Ltd would own 21.13% stake in Holitech Technology Co., Ltd. and Wen Kaifu will remain the shareholder of 8.32% stake in Holitech Technology Co., Ltd.