BeiJing StarNeto Technology Co.,Ltd. (SZSE:002829) signed an equity transfer agreement to acquire 32.02% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Jianyi Linghang Technology Center (Limited Partnership) for approximately CNY 110 million on April 22, 2021. As per the terms of the transaction, BeiJing StarNeto Technology Co.,Ltd. shall pay Beijing Jianyi Technology Co., Ltd. CNY 26.4 million within 10 days of the effective date of this agreement and the remaining shall be paid for the current period when Beijing Jianyi Technology Co., Ltd. realizes the net profit reaches the promised amount which is not less than CNY 31 million in 2021, CNY 40 million in 2022 and CNY 52 million in 2023. In a related transaction, BeiJing StarNeto Technology Co.,Ltd. (SZSE:002829) signed an equity transfer agreement to acquire 15% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Xinghua Zhilian Investment Fund, a fund managed by Beijing Yitang United Investment Management Co., Ltd. As a result of both the transactions, Beijing Jianyi Technology Co., Ltd. will become a wholly-owned subsidiary of BeiJing StarNeto Technology Co.,Ltd. In March 31, 2021, Beijing Jianyi Technology Co., Ltd. reported a total revenues of CNY 0.92 million, negative net income of CNY 2.2 million, total common equity of CNY 71.2 million, total assets of CNY 183 million and EBIT of CNY -2.7 million.