Risuntek Inc. (SZSE:002981) signed Share Transfer Agreement to acquire a 95.4091% stake in First Audio Manufacturing Co., Ltd from Zhongbang Manufacturing Co., Ltd. and Guangzhou Weiyi Investment Management Enterprise (Limited Partnership) for approximately CNY 320 million on September 17, 2021. Arrangement for payment of transfer price to Zhongbang Manufacturing, Sincerity deposit The sincerity money shall be paid at 10% of the transfer price payable to Zhongbang Manufacturing within five working days from the effective date of this agreement. Zhongbang Manufacturing shall refund the sincerity money to Risuntek within five working days after the completion of the transfer of the shares and Risuntek shall pay the first transfer price at 60% of the transfer price payable to Zhongbang Manufacturing upon receipt. Risuntek shall pay the balance of the transfer price at 40% of the transfer price payable to Zhongbang Manufacturing within five working days after the expiration of 12 months from the delivery date. Arrangement for payment of transfer price to Weiyi Investment, The first transfer price, 10% of the payable transfer price to Weiyi Investment shall be paid within five working days from the effective date of this agreement. The second transfer price, Risuntek shall pay the second-phase transfer price at 50% of the transfer price payable to Weiyi Investment within five working days after the completion of the transfer of the shares. Risuntek shall pay the balance of the payable transfer price, which is 40%, to Weiyi Investment within five working days after the expiration of 12 months from the delivery date. The transaction is subject to Risuntek Inc's BOD and shareholders.