Sichuan Dowell Science and Technology Inc. (SZSE:300535) agreed to acquire 33% stake in Chengdu Dowell Intelligent Manufacturing Co., Ltd. from Chengdu Zhanwei New Material Co., Ltd. for CNY 0 on January 2, 2020. Sichuan Dowell Science and Technology will also acquire 67% stake in Chengdu Dowell Intelligent Manufacturing Co., Ltd. from it's wholly owned subsidiary Chengdu Dowell Zhilian Industrial Co., Ltd for CNY 18.9 million. After transfer, Sichuan Dowell Science and Technology will use another CNY 40 million to increase capital in Chengdu Dowell Intelligent Manufacturing. After increase, the registered capital in Chengdu Dowell Intelligent Manufacturing will increase from CNY 60 million to CNY 100 million. The transaction was approved by the board of directors of Sichuan Dowell Science and Technology on the 29th meeting of the 4th directorate. The transaction doesn't need approval from the shareholder of Sichuan Dowell Science and Technology. Sichuan Dowell Science and Technology Inc. (SZSE:300535) cancelled the acquisition of 33% stake in Chengdu Dowell Intelligent Manufacturing Co., Ltd. from Chengdu Zhanwei New Material Co., Ltd. on January 2, 2021.