Bayshore Technology (Beijing) Co., Ltd. entered into a purchase agreement to issue common shares for the gross proceeds of not more than CNY 78 million on November 2, 2022. The transaction will include participation from Hydsoft Technology Co., Ltd. The transaction has been approved in the 13th session of the companyÆs 3rd directorate. Post completion of the transaction, Hydsoft Technology Co., Ltd. will hold 65% equity stake in the company.