Shenzhen Fengxiang Information Technology Co., Ltd. agreed to acquire Shanghai Fengzan Technology Co., Ltd. from Hangzhou SF Intra-city Industrial Co., Ltd. for CNY 120 million on May 5, 2023. As of December 31, 2022, Shanghai Fengzan Technology Co., Ltd. reported total assets of CNY 140 million and net asset value of 98.4 million. The deal is subject to removal of executive directors of Shanghai Fengzan Technology Co., Ltd.