Zhao Jiqing agreed to acquire a 5.3763% stake in Guangdong Failong Crystal Technology Co.,LTD. from Xinjiang Huilun Equity Investment Partnership (Limited Partnership) for approximately CNY 120 million.

Guangdong Faith long Crystal Technology Co Ltd is a China-based company principally engaged in development, manufacture and sales of piezoelectric quartz crystal components products. The Company is mainly engaged in manufacture of piezoelectric quartz crystal resonators, including surface-mount device piezoelectric quartz crystal resonators and dual in-line package piezoelectric quartz crystal resonators. The Company's products are applied to areas of communication electronics, automobile electronics, consumer electronics, mobile Internet, industry control, home appliance, aerospace and others.