Ningbo Qiankun Enterprise Management Partnership (Limited Partnership) agreed to acquire a 22% stake in Beijing Xintang Puhua Technology Co., Ltd. from HCR Co., Ltd (SHSE:688500) for CNY 20 million on December 23, 2022. Post acquisition, HCR Co. will hold 48% stake in Beijing Xintang Puhua Technology.

For the period October 31, 2022, Beijing Xintang had CNY 58.08 million of total assets and CNY 13.40 million of net assets.