Nantong Zongyi Investment Co., Ltd. agreed to acquire Shenzhen ZongYi Technology Co., Ltd. from Jiangsu Zongyi Co.,LTD (SHSE:600770) for CNY 160 million on December 4, 2019. For the year ended October 31, 2019, Shenzhen ZongYi Technology Co., Ltd. reported total assets of approximately CNY 520 million and net assets of approximately CNY 270 million. The transaction is subject to shareholders' approval.