Shanghai Bay Area Technology Development Co., Ltd signed a share transfer agreement to acquire 11.45% stake in JC Finance&Tax Interconnect Holdings Ltd. (SZSE:002530) from Jiangsu Dongrun Jincai Investment Management Co., Ltd. for approximately CNY 690 million on February 9, 2021. Under the terms of transaction, Shanghai Bay Area will acquire 89.3 million shares at CNY 7.7 per share of JC Finance&Tax. Shanghai Bay Area Technology Development Co., Ltd. must pay CNY 100 million before March 12, 2021. Within 1 working day after receiving the first payment, Jiangsu Dongrun Jincai Investment Management Co., Ltd. must make an application to the Shenzhen Stock Exchange for the change of shareholders. Within 1 working day after receiving the transfer confirmation documents, Jiangsu Dongrun Jincai Investment Management Co., Ltd. must make an application for the completion of the transfer at the China Securities Depository and Clearing Company Limited. Within 3 working days after the completion of the transfer, Shanghai Bay Area Technology Development Co., Ltd. must pay CNY 100 million. Shanghai Bay Area Technology Development Co., Ltd. must pay CNY 350 million before May 31, 2021 and CNY 137 million before December 31, 2021.

Shanghai Bay District Technology Development Co., Ltd. cancelled the acquisition of a 11.45% stake in NZXR Ltd from Jiangsu Dongrun Jincai Investment Management Co., Ltd. on December 24, 2021.