Skyman Auto Chassis (Wuhu) Co.,Ltd entered into an equity transfer agreement to acquire Chongqing Futaba Auto Pares Co.,Ltd. from Futaba Industrial Co., Ltd. (TSE:7241) for CNY 3 million on February 1, 2018. The transaction has been resolved by the Board of Directors of Futaba Industrial Co., Ltd. on February 1, 2018. The transaction is expected to complete during the end of February 2018 once necessary procedures after the agreement have been completed. Skyman Auto Chassis (Wuhu) Co.,Ltd cancelled the acquisition of Chongqing Futaba Auto Pares Co.,Ltd. from Futaba Industrial Co., Ltd. (TSE:7241) on February 1, 2019.