Shenzhen Fluence Technology PLC. (SZSE:300647) agreed to acquire 5% of stake in Gejiu Shengbihe Industrial Co., Ltd. from Beijing Shengbihe Technology Co., Ltd. for CNY 15.5 million on August 23, 2021. Within ten working days from the date of signing this agreement, 30% of the equity transfer price shall be paid as a deposit, namely CNY 4.65 million. After all the preconditions for the equity transfer agreed in this agreement are met, and within 20 working days from the date of completion of the industrial and commercial change registration procedures for the equity transfer, the remaining 70% of the equity transfer price shall be paid, namely CNY 10.85 million. The ninth meeting of the third board of directors of Shenzhen Fluence Technology on August 23, 2021 approved the deal. Gejiu Shengbihe has a total assets of CNY 300.5769 million and net assets of CNY 157.2105 million on July 31, 2021. Gejiu Shengbihe has a total assets of CNY 286 million, Net assets of 141 million, revenue of CNY 162 million and Net profit of CNY 2.8 million on December 31, 2020.