Ningbo Zhiyun Equity Investment Fund Management Co., Ltd. signed an agreement to acquire 5.16% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited for CNY 140 million on March 6, 2020. Under the terms of the transaction, Ningbo Zhiyun Equity Investment Fund Management will acquire 21 million shares at a price of CNY 6.68 per share. Ningbo Zhiyun Equity Investment Fund Management Co., Ltd. cancelled the acquisition of 5.16% stake in Ningbo Techmation Co., Ltd. (SHSE:603015) from Red Factor Limited on June 17, 2020.