Shaoxing Shunyuan Machinery Equipment Technology Co., Ltd. entered into an asset purchase agreement to acquire Shanghai Daikun Technology Development Co., Ltd. from Infotmic Co., Ltd. (SZSE:000670) for CNY 1 on June 4, 2020. In a related transaction Shaoxing Shunyuan Machinery agreed to acquire debt of Infotmic for CNY 0.06 million on June 4, 2020. As of June 4, 2020, shareholders of Infotmic and Shaoxing Shunyuan Machinery approved the transaction and Board of Directors of Infotmic approved the transaction. As of July 8, 2020, Infotmic received the payment of CNY 1 from Shaoxing Shunyuan Machinery Equipment Technology. Wang Lin, Liu Hai, Liu Zichang, Li Xiaoyin, Cheng Ming, Tong Dong, Zhong Weiya and Gong Jingyi of Huachuang Securities Co.,Ltd. acted as financial advisors, Xu Ying and Li Miaomiao of Tian Yuan Law Firm acted as legal advisors and Li Weihai and Zheng Yuqing of Pan-China Certified Public Accountants LLP, Shen Fabing and Zhang Chentong of Wuyige Certified Public Accountants LLP and Zhou Xianhong and Ruan Hong of Asia Pacific CPA (Group) Co., Ltd acted as accountants for Infotmic.