Zhejiang Lumai Yicheng Technology Development Co., Ltd. signed the share transfer agreement to acquire 15% stake in Thinker Agricultural Machinery Co., Ltd. (SHSE:603789) from Huzhou Xinjiayuan Investment Management Co., Ltd. for approximately CNY 700 million on August 17, 2020. Under the terms of the deal, Zhejiang Lumai Yicheng Technology Development Co., Ltd. will pay CNY 18.01 per share to acquire 39 million shares in Thinker Agricultural Machinery Co., Ltd. Upon completion, Huzhou Xinjiayuan Investment Management Co., Ltd. will own 17.98% stake in Thinker Agricultural Machinery Co., Ltd.