Shenzhen Coship Electronics Co., Ltd. agreed to acquire a 51% stake in Dongguan Tongtai Micro Technology Co., Ltd. from Ding Yingping, Liu Haiqun, Luo Yong and Peng Jiao for CNY 1.8 million.

SHENZHEN COSHIP ELECTRONICS CO., LTD is a China-based company, principally engaged in telecommunication industry, as well as manufacture and sales of relevant equipment. The Company mainly provides cable television (CATV) access devices, satellite television subscriber terminals, and others. The Company's products consist of encoders, transcoders, decoders, digital video broadcasting (DVB) gateways, set top boxes, such as wired digital set top boxes, satellite digital set top boxes, terrestrial digital set top boxes and others, wireless routers, network cameras and others. The Company distributes its products in both domestic and overseas markets.