Guangdong Shunde Holding Group Co., Ltd. signed an equity transfer framework agreement to acquire 20% stake in Qingdao Eastsoft Communication Technology Co.,Ltd (SZSE:300183) from Cui Jian, Hu Yajun and Wang Rui on September 7, 2019. Guangdong Shunde Holding Group Co., Ltd. or its designated party will acquire the stake. The specific price shall be subject to the formal equity transfer agreement to be signed by Guangdong Shunde Holding Group Co., Ltd., Cui Jian, Hu Yajun and Wang Rui. Prior to the transaction, Cui Jian held 104.54 million shares amounting to 22.27% stake, Hu Yajun held 66.53 million shares amounting to 14.17% stake and Wang Rui held 66.53 million shares amounting to 14.17% stake in Qingdao Eastsoft Communication Technology Co.,Ltd. The transaction will be carried out in 2019 and 2020. In 2019, a total of 59.4 million shares amounting to 12.65% stake was transferred while in 2020 another 7.35% stake will be transferred. Guangdong Shunde Holding Group Co., Ltd. cancelled the acquisition of 20% stake in Qingdao Eastsoft Communication Technology Co.,Ltd (SZSE:300183) from Cui Jian, Hu Yajun and Wang Rui on September 7, 2020.