You Yongtao signed a share purchase agreement to acquire 4.06% stake in Shenzhen Yitoa Intelligent Control Co.,Ltd. from Hu Qingzhou for approximately CNY 370 million.
June 22, 2021
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You Yongtao signed a share purchase agreement to acquire 4.06% stake in Shenzhen Yitoa Intelligent Control Co.,Ltd. (SZSE:300131) from Hu Qingzhou for approximately CNY 370 million on June 23, 2021. Under the terms of transaction, Hu Qingzhou will transfer 43.4588 million shares in Shenzhen Yitoa Intelligent Control, accounting for 4.06% stake to You Yongtao at a price of CNY 8.463 per share. Prior to transaction, You Yongtao owns 0.05 million shares in Shenzhen Yitoa Intelligent Control Co.,Ltd., accounting for 0.005% stake. After the completion of transaction, You Yongtao will own 43.5088 million shares, accounting for 4.07% stake.
Shenzhen Yitoa Intelligent Control Co.,LTD is a China-based company principally engaged in the research, development, production and distribution of electronic components and intelligent control products. The Companyâs products are categorized into electronic components, living appliances intelligent control products, temperature detection intelligent control products and products of the Internet of things, which include relays, connectors, transistors, modules, integrated circuits, resistors, batteries, magnetic beads, diodes, crystal oscillators, hair pliers electronic intelligent controllers, coffee pot electronic intelligent controllers, hair dryer electronic intelligent controllers and wall furnace intelligent controllers, among others. The Company distributes its products in domestic market and to overseas markets.
You Yongtao signed a share purchase agreement to acquire 4.06% stake in Shenzhen Yitoa Intelligent Control Co.,Ltd. from Hu Qingzhou for approximately CNY 370 million.
SHENZHEN YITOA INTELLIGENT CONTROL CO.,LTD. 
