Yiyang High-tech Industrial Investment Co., Ltd. signed a share transfer agreement to acquire 9.53% stake in Shenzhen Fluence Technology PLC. (SZSE:300647) from Yunnan Jixintaifu Enterprise Management Center (Limited Partnership), Yunnan Zhiyeheng Enterprise Management Center (Limited Partnership), Liu Yu and Zhang Kui for approximately CNY 280 million on May 15, 2020. Under the terms of the transaction, Yunnan Jixintaifu Enterprise Management Center (Limited Partnership), Yunnan Zhiyeheng Enterprise Management Center (Limited Partnership), Liu Yu and Zhang Kui will be selling 1.53%, 3%, 3% and 2% stake respectively comprise of approximately 34.02 million shares and for CNY 8.1225 per share in the company to Yiyang High-tech Industrial Investment. The consideration will be paid in several ways that is, CNY 70 million within seven working days from the date of signing of this agreement. After first share transfer payment, it needs to complete the pledge procedure for the underlying shares within fifteen working days and cooperate with seller to complete the procedures for transferring the underlying shares in the securities registration and settlement center in principle, it should be completed before June 30, 2020. Within ten working days after the completion of the transfer of all the underlying shares, the remaining balance will be paid off. After this transaction, Yunnan Jixintaifu Enterprise Management Center (Limited Partnership), Yunnan Zhiyeheng Enterprise Management Center (Limited Partnership), Liu Yu and Zhang Kui will hold 4.6%, 37.04%, 19.81% and 12.64% respectively in the company. The transaction is expected to close on June 30, 2020. Yiyang High-tech Industrial Investment Co., Ltd. completed the acquisition of 9.53% stake in Shenzhen Fluence Technology PLC. (SZSE:300647) from Yunnan Jixintaifu Enterprise Management Center (Limited Partnership), Yunnan Zhiyeheng Enterprise Management Center (Limited Partnership), Liu Yu and Zhang Kui on June 19, 2020.