Autek China Inc. (SZSE:300595) signed share transfer agreement to acquire 15.99% stake in Hefei Sunshine Medical Technology Co., Ltd from Wang Bangkan and Hu Bo for CNY 15.99 million on January 15, 2019. Wang Bangkan will transfer 2.95 million shares, 6.344% stake, for CNY 6.34 million and Hu Bo will transfer 4.49 million shares, 9.65% stake, for CNY 9.6 million. Before the transfer, Wang Bangkan holds 16.9 million shares and Hu Bo holds 4.49 million shares. Hefei Sunshine Medical Technology reported total assets of CNY 89.3 million and net assets of CNY 67.1 million as on June 3, 2018. Transaction has been approved in Autek China's General Manager's meeting held on January 15, 2019, and does not need the Directorate and shareholders’ approvals.