Huada Automotive Technology Corp.,Ltd (SHSE:603358) entered into an agreement to acquire an unknown stake in Cloud-Atlas Control System Co., Ltd. from Shenzhen Cloud-Atlas Control System Co., Ltd. and others for CNY 4 million on March 4, 2020. As part of the same agreement, Huada Automotive Technology Corp.,Ltd will also carry out capital increase of CNY 11 million in Cloud-Atlas Control System Co., Ltd. Upon completion of the agreement, Huada Automotive Technology Corp.,Ltd will own 75% stake in Cloud-Atlas Control System Co., Ltd. The transaction has been approved in the 6th Meeting of Huada Automotive Technology Corp.,Ltd's 3rd Directorate, and does not need the Shareholders’ approval. Huada Automotive Technology Corp.,Ltd (SHSE:603358) cancelled the acquisition of unknown stake in Cloud-Atlas Control System Co., Ltd. from Shenzhen Cloud-Atlas Control System Co., Ltd. and others on March 4, 2021.