Jiangxi Sun Ceramics Co., Ltd. agreed to acquire Jiangxi Tellhow Special Motor Co., Ltd. from Tellhow Sci-Tech Co. Ltd (SHSE:600590) for CNY 40 million on January 12, 2016. In a related deal, Tellhow Sci-Tech agreed to sell 20% stake in Zunyi City Hi-tech Industry Park Co., Ltd. to Zhunyi-based investment and construction company. The transaction is approved by Board of Directors of Tellhow Sci-Tech. The transaction does not require the approval from the stockholders. Jiangxi Sun Ceramics Co., Ltd. cancelled the acquisition of Jiangxi Tellhow Special Motor Co., Ltd. from Tellhow Sci-Tech Co. Ltd (SHSE:600590) on January 12, 2017.