Shanghai Precise Packaging Co., Ltd. (SZSE:300442) agreed to acquire 100% of Beijing Intelligence Operations Technology Co., Ltd. from Han Xiulan, Wang Hao, Chen Zhonghua, Yang Zhenguang and Xue Mei for CNY 420 million on August 24, 2022. The acquisition amount will be funded by own fund in cash. For the year ended December 31, 2021, Beijing Intelligence Operations Technology Co., Ltd. Total asset is CNY 33.60 million, Net asset CNY 28.44 million, EBIT is CNY 48 million and Net income is CNY 20.70 million.

The transaction is approved by seventh meeting of the fourth session of the Board of Directors of Shanghai Precise Packaging Co., Ltd. (SZSE:300442).