Wingtech Technology Co.,Ltd (SHSE:600745) signed the acquisition intention agreement to acquire Guangzhou Delta Imaging Technology Co., Ltd. from OFILM Group Co., Ltd. (SZSE:002456) for CNY 1.7 billion on February 7, 2021. Under the terms of the transaction, Wingtech Technology Co.,Ltd will pay the purchase price of 10* (Guangzhou Delta Imaging Technology Co., Ltd.'s 2020 audited net profit (including the company's 2020 net profit from OFILM Technology (Hong Kong) Co., Ltd. plus the transaction price of operating assets. Considering the appreciation of intangible assets of operating assets, the transaction price shall be based on the value after special evaluation and shall not be lower than the book value after special verification.) The transaction price is inclusive of value-added tax price. Wingtech Technology Co.,Ltd intends to pay in cash. The transaction price shall be paid in two installments. Parties to the transaction signed agreement on March 29, 2021. Among them, within 5 working days after the formal acquisition agreement has come into effect and the transaction is approved by the internal authorities of both parties, Wingtech Technology shall pay OFILM Group 55% of the transaction price; the relevant government authority that completed the transaction approved (if involved) and the subject matter within 10 working days from the date of completion of the asset delivery, Wingtech Technology shall pay OFILM Group 45% of the transaction price. Wingtech Technology agrees to pay OFILM Group an intent gold of CNY 300 million as the "Intent Money". Within 5 working days after the signing of this agreement, Wingtech Technology shall remit the intention money to the escrow account agreed by both parties. The audit and evaluation base date for this transaction will be December 31, 2020. As of April 22, 2021, the first consideration amount was paid. As of April 26, 2021, the second consideration amount of CNY 300 million was paid.

For the period ended September 30, 2020, Guangzhou Delta Imaging Technology Co., Ltd. has unaudited total assets of CNY 22 billion and unaudited net assets of CNY 1.5 billion. The transaction and its formal plan still need to perform necessary approval procedures in accordance with the "Articles of Association", "Shanghai Stock Exchange Stock Listing Rules" and other Chinese laws and regulations. The transaction is subject to the its shareholders approval and approval from anti-monopoly authority or issued an anti-monopoly review of the concentration of undertakings involved in the overall asset acquisition. On February 7, 2021 and March 29, 2021, Wingtech Technology Co.,Ltd held the thirty-fourth meeting of the tenth Board of Directors and approved the transaction. The transaction has been approved in the 44th (Extraordinary) meeting of the 4th Directorate of OFILM Group Co., Ltd. held on March 29, 2021. The transaction was approved by the shareholders of OFILM. As of April 26, 2021, the transaction has been approved by the market regulator.

Wingtech Technology Co.,Ltd (SHSE:600745) completed the acquisition of Guangzhou Delta Imaging Technology Co., Ltd. from OFILM Group Co., Ltd. (SZSE:002456) on May 10, 2021. As of May 10, 2021, the delivery conditions of the underlying assets have been reached.