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At noon today (2), Liard announced that the company intends to acquire Xinyu High-tech Zone Junchen Investment Management Partnership (limited partnership) (hereinafter referred to as Junchen Investment) and Xinyu High-tech Zone Junling Investment in cash of RMB 248 million. Management Center (Limited Partnership) (hereinafter referred to as Junling Investment, and Junchen Investment below collectively referred to as the transferor) 100% equity of Hunan Junze Lighting Design Engineering Co., Ltd. (hereinafter referred to as Junze Lighting or Target Company). Among them, one of the counterparties, Junchen Investment, will use the transfer amount of RMB 170 million acquired by the company, all of which will be used to purchase shares of the company once or in multiples in the form of block trades or bidding transactions. In 2016, Junze Lighting achieved an operating income of 70.192 million yuan and a net profit of 10.66 million yuan. According to the aforementioned transaction arrangement and full agreement between the parties, the company and Junchen Investment, Junling Investment, Changsha Zhongmao Business Consulting Office (limited partnership) (hereinafter referred to as Changsha Zhongmao), Xiao Chengjun, Zhou Ling and Junze Lighting in 2017 On March 2nd, the "Equity Acquisition Agreement" was signed.