Beijing Yuanlong Yato Culture Dissemination Co.,Ltd. (SZSE:002878) signed share transfer agreement to acquire 10% stake in Shanghai Gemii Information Technology Co., Ltd. from Lankao Gelande Business Management Center (Limited Partnership) for CNY 20 million on January 19, 2018. For the year ended December 31, 2017, Shanghai Gemii Information Technology Co., Ltd. reported total assets of CNY 26.67 million, revenues of CNY 47.15 million, net loss of CNY 6.86 million and net assets of CNY 24.16 million. This does not need the approvals of the Beijing Yuanlong Yato Culture Dissemination Co.,Ltd.’s directorate and shareholders.