Tianjin Kangyuan Wanjia Technology Co., Ltd. agreed to acquire 13.39% stake in J-TECH CNC Technology Co., Ltd. from Rightway Holdings Co., Ltd. (SHSE:600321) for approximately CNY 290 million on January 9, 2019. Tianjin Kangyuan Wanjia Technology Co., Ltd. signed a supplemental agreement to acquire 6.89% stake in J-TECH CNC Technology Co., Ltd. from Rightway Holdings Co., Ltd. for approximately CNY 150 million on April 2, 2020. As of January 24, 2019, the acquisition of 3.39% stake has been completed. Tianjin Kangyuan Wanjia Technology Co., Ltd. has paid CNY 122 million out of total consideration as of January 24, 2019. The deal has been approved in the 22nd meeting of Rightway Holdings Co., Ltd. 9th Directorate on January 9, 2019. The deal does not need the shareholders’ approval. As of April 2, 2020, the supplemental agreement was approved by 37th session of Rightway Holdings' 9th directorate.