BOE Technology Group Company Limited (SZSE:000725) signed an agreement to acquire 9.62% stake in Wuhan BOE Optoelectronics Technology Co., Ltd. from Hubei Province Changbai Industrial Investment Fund Partnership (Limited Partnership) for CNY 2.6 billion on January 15, 2021. In a related transaction, BOE Technology Group Company Limited signed Conditional Equity Acquisition Agreement to acquired 14.4% stake in Wuhan BOE Optoelectronics Technology Co., Ltd. from Wuhan Lingkong Port Economic and Technological Development Zone Industrial Development Investment Group Co., Ltd. for CNY 3.9 billion. Both the transactions will be financed with equity offerings of CNY 20 billion. Wuhan BOE Optoelectronics Technology had total assets of CNY 42.4 billion and net assets of CNY 22.5 billion as of September 30, 2020.