Beijing ConST Instruments Technology Inc. (SZSE:300445) agreed to acquire 50.588% stake in Nanjing Mingde Software Co., Ltd. from Zhang Anyang and Gong Ningsheng for CNY 12.60 million on October 21, 2021. Upon completion, Beijing ConST Instruments will own 55% stake in Nanjing Mingde Software, of which 50.588% stake will be acquired through equity transfer from existing shareholders and remaining through capital increase and Zhang Anyang and Gong Ningsheng's stake will also be updated to 27% and 18%. Beijing ConST Instruments Technology will use its own funds of not more than CNY 15.30 million. In related transaction, Beijing ConST Instruments Technology Inc. will also carry out a capital increase with respect to Nanjing Mingde Software Co., Ltd. The total assets and net assets of in Nanjing Mingde as of September 30, 2021, were CNY 14.33 million and CNY 3.59 million, respectively. On December 20, 2021, the 12th session of the Beijing ConST Instruments' 5th directorate and the 12th session of the 5th supervisory board approved the transaction.

Beijing ConST Instruments Technology Inc. (SZSE:300445) completed the acquisition of 50.588% stake in Nanjing Mingde Software Co., Ltd. from Zhang Anyang and Gong Ningsheng on January 4, 2022.