Jiang Qingping agreed to acquire 5% stake in Nanjing Zhiyou Shangyun Technology Co., Ltd. on August 25, 2022. As on June 30, 2022, Nanjing Zhiyou Shangyun Technology Co., Ltd. generated total assets of CNY 91.4 million and net assets of CNY 7.7 million. The transaction is approved by board of directors of Elefirst Science and Technology Co., Ltd.

Jiang Qingping completed the acquisition of 5% stake in Nanjing Zhiyou Shangyun Technology Co., Ltd. August 26, 2023 which is an estimated completion date.