Shenzhen Hangjiayuan Holdings (Group) Co., Ltd. signed an Equity Transfer Agreement to acquire the remaining 49% stake in Shenzhen Jinyuanxing Information Technology Co., Ltd. from Sinodata Co., Ltd. (SZSE:002657) for approximately CNY 250 million on August 24, 2021. The transferee shall pay the entire equity transfer price of CNY 249.1 million before August 30, 2021. For the year ended December 31, 2020 Shenzhen Jinyuanxing Information Technology reported total assets of CNY 500,007,963.37, net assets of CNY 500,005,972.53, operating profit of CNY 7,963.37 and net profit of CNY 5,972.53. The transferor and the transferee shall complete the industrial and commercial change registration procedures of the target equity within 30 days from the effective date of the equity transfer agreement. The 20th meeting of the fifth board of directors of the company unanimously approved the transaction. This transaction does not need to be submitted to the shareholders meeting for deliberation.