Suzhou Goldengreen Technologies Ltd. (SZSE:002808) signed share acquisition framework agreement to acquire 71.3% stake in Fujian Minbao Information Technology Co.,Ltd. from Lin Zhangwei on April 29, 2019. Suzhou Goldengreen Technologies Ltd. (SZSE:002808) signed a supplemental agreement to acquire 71.3% stake in Fujian Minbao Information Technology Co.,Ltd. from Lin Zhangwei on May 22, 2019. Suzhou Goldengreen Technologies Ltd. signed an equity purchase agreement to acquire 71.3% stake in Fujian Minbao Information Technology Co.,Ltd. from Lin Zhangwei on November 1, 2019. Within five working days after the completion of the equity pledge registration formalities, the company will pay CNY 40 million to Lin Zhangwei as the deposit for this transaction. As per the update on November 6, 2019, within 3 working days after the signing of the agreement, Lin Zhangwei should transfer 5.72 million shares of the target company (25% of the target shares), 17.81% of total share capital to the company name and complete the relevant equity confirmation procedures. Within 10 working days after the transfer of the underlying company's shares to Suzhou Goldengreen Technologies Ltd.'s name, the company will pay Lin Zhangwei 60% of the total transaction price, namely CNY 139.7 million × 60% - the paid deposit of CNY 40 million ie CNY 43.79 million. According to the above agreement, on November 4, 2019, Lin Zhangwei transferred 5.72 million shares to Suzhou Hengjiu Photoelectric Technology Co., LtdLtd. and Suzhou paid CNY 43.8 million to the Lin Zhangwei account in accordance with the agreement. The transaction has been approved in the 10th Meeting of Suzhou Goldengreen Technologies Ltd.'s 4th Directorate held on April 29, 2019. The transaction has been approved in the 11th Meeting of Suzhou Goldengreen Technologies Ltd.'s 4th Directorate held on May 22, 2019. As of December 31, 2019, Fujian MinBao Information Technology Co., Ltd. was changed to Fujian minbao Baoji Information Technology Co., Ltd. and obtained a new business license from Fuzhou market supervision and Administration Bureau.