Chengdu Xuguang Electronics Co., Ltd. (SHSE:600353) agreed to acquire 15% stake in Xi'an Ritrontek Electronic Technology Co., Ltd from Zhang Ping, Wu Sheng, Liu Jiangshan, Cai Benhua, and Shaanxi Xike Angel Phase III Business Information Consulting Partnership (Limited Partnership) for CNY 17.45 million on May 26, 2021. Within 10 days from the date of signing the agreement, Chengdu Xuguang Electronics Co., Ltd. will pay the transferor the first share purchase amount CNY 7.85 million and within 10 days from the date of completion of the delivery, Chengdu Xuguang Electronics Co., Ltd. will pay the transferor the second equity purchase amount of CNY 9.60 million. Zhang Ping, Wu Sheng, Liu Jiangshan, Cai Benhua, and Shaanxi Xike Angel Phase III Business Information Consulting Partnership (Limited Partnership) will transfer 7.4%, 2.9%, 2.24%, 0.75% and 1.67% respectively to Chengdu Xuguang Electronics Co., Ltd. Post acquisition Zhang Ping, Wu Sheng, Liu Jiangshan, Cai Benhua, and Shaanxi Xike Angel Phase III Business Information Consulting Partnership (Limited Partnership) will hold 18.9%, 16.3%,12.4%, 4.1% and 2.7% in Xi'an Ritrontek Electronic Technology Co., Ltd. In a related transaction Xi'an Ritrontek Electronic Technology Co., Ltd. announced that it will raise CNY 31.4 million in an equity round of funding on May 26, 2021. The transaction include participation from Chengdu Xuguang Electronics Co., Ltd. and its employee co-investment platform. Post acquisition Chengdu Xuguang Electronics Co., Ltd. will hold 38% stake in Xi'an Ritrontek Electronic Technology Co., Ltd. As of March 31, 2021, Xi'an Ritrontek Electronic Technology Co., Ltd. has total assets of CNY 83.95 million, net assets of CNY 24.71 million, operating income of CNY 27.09 million, and net profit of CNY 1.55 million. As of December 31, 2020, Xi'an Ritrontek Electronic Technology Co., Ltd. has total assets of CNY 82.7 million, net assets of CNY 23.16 million, Operational Revenue is CNY 57.0662 million yuan, and net profit of CNY 11.8 million. The shareholders of Xi'an Ritrontek Electronic Technology Co., Ltd. agreed to waive the pre-emptive right of this equity acquisition. The transaction ahs been approved by the board of Chengdu Xuguang Electronics Co., Ltd. Sichuan Huaxin(Group) Certified Public Accountants Co.,Ltd. acted as accountant to Chengdu Xuguang Electronics Co., Ltd.