Hong Kong Fortunate Fountain Investment Limited, Namchang City Yeonji Enterprise Management Center (Limited Joint Venture) and LONGDA(HK) CO.,LIMITED agreed to acquire unknown stake in Celfras Semiconductor Inc. from Melfas Inc. (KOSDAQ:A096640) for CNY 36.5 million on March 15, 2021. As per terms of transaction, Namchang City Yeonji Enterprise Management Center (Limited Joint Venture) will pay CNY 20.3 million, LONGDA(HK) CO.,LIMITED will pay CNY 10.1 million and Hong Kong Fortunate Fountain Investment Limited will pay CNY 6 million. As on March 15, 2021, Celfras Semiconductor Inc. reported total assets of KRW 77.740 million (CNY 445.45 million) and net assets of KRW 53.543 million (CNY 306.8014 million). Transaction is expected to complete on May 14, 2021. As announced on May 14, the transaction is expected to complete on June 11, 2021. Jean Accounting Co., Ltd. is acting as external evaluation agency.