Beijing Creative Distribution Automation Co., Ltd. (SZSE:002350) agreed to acquire 4.61% stake in Suzhou Best Area Power Co., Ltd from Hangzhou Juhua Lianxin Investment Management Partnership Enterprise (Limited Partnership) managed by ZJU Joint Innovation Investment for CNY 17 million on January 8, 2018. Post-acquisition, Beijing Creative Distribution Automation Co., Ltd. will hold 4.61% stake in Suzhou Best Area Power Co., Ltd and Hangzhou Juhua Lianxin Investment Management Partnership Enterprise (Limited Partnership) managed by ZJU Joint Innovation Investment will cease to hold any stake in Suzhou Best Area Power Co., Ltd. The transaction will be funded from internal resources of Beijing Creative Distribution Automation Co., Ltd. The transaction does not need approval from shareholders' of Beijing Creative Distribution Automation Co., Ltd. As of January 8, 2018, Board of Beijing Creative Distribution Automation Co., Ltd. approved the transaction. Co., Ltd., As of January 8, 2018, Board of Hangzhou Sunrise Technology shareholder of Hangzhou Juhua Lianxin Investment Management Partnership Enterprise approved the transaction