Xiamen Derongqing Supply Chain Management Co., Ltd signed Equity Transfer Agreement to acquire 40% stake in Xiamen Haoxun Supply Chain Management Co., Ltd. from Xiamen Overseas Chinese Electronic Co.,Ltd. (SHSE:600870) on March 10, 2021. Upon completion, Xiamen Overseas Chinese Electronic Co.,Ltd. will hold 60% and Xiamen Derongqing Supply Chain Management Co., Ltd will hold 40% stake in Xiamen Haoxun Supply Chain Management. The rest of the business registration items remain unchanged.