Xinxiang City New Investment Industry M&A Investment Fund No. 1 Partnership (Limited Partnership) entered into an share transfer agreement to acquire 8% stake in Joyware Electronics Co.,Ltd (SZSE:300270) from Shi Xugang on August 28, 2020. As per the agreement, Shi Xugang will transfer 24 million share of Joyware Electronics Co.,Ltd to Xinxiang City New Investment Industry M&A Investment Fund No. 1 Partnership. Shi Xugang and Xinxiang City New Investment Industry M&A Investment also entered into several other agreements.

Xinxiang City New Investment Industry M&A Investment Fund No. 1 Partnership (Limited Partnership) completed the acquisition of a 8% stake in Joyware Electronics Co.,Ltd (SZSE:300270) from Shi Xugang on February 10, 2021.