Wuhan Golden Laser Co., Ltd (SZSE:300220) intends to acquire 82.9% stake in Doll No 1 (Wuhan) Technology Co Ltd from Liang Haodong, Liang Wei and Wuhan Gold Blockchain Technology Co., Ltd on June 4, 2020. Wuhan Golden Laser Co., Ltd (SZSE:300220) signed an equity transfer agreement to acquire 82.9% stake in Doll No 1 (Wuhan) Technology Co Ltd from Liang Haodong, Liang Wei and Wuhan Gold Blockchain Technology Co., Ltd. for CNY 15.1 million on September 2, 2020. Under the terms, Wuhan Golden Laser will acquire 55.88%, 22.35% and 4.66% stakes from Liang Haodong, Liang Wei and Wuhan Gold Blockchain Technology Co., Ltd. for CNY 10.2 million, CNY 4.0796 and CNY 0.8506 million respectively. The acquisition funds are of the Wuhan Golden Laser own funds or self-raised funds. For the year ending December 31, 2019, Doll No. 1 Wuhan Technology reported total assets of CNY 42.26 million, total shareholder's equity of CNY 20.04 million, revenue of CNY 9.24 million, operating loss of CNY 9.52 million and net loss of CNY 9.33 million. Tongzhi Xinde (Beijing) Assets Appraisal Co., Ltd assessed the value of shredders equity at CNY 18.2533 million.