Calxon (Shanghai) Internet Technology Co., Ltd. signed a stake transfer agreement to acquire Aimei (Beijing) Cinema Investment Co., Ltd. from Beijing Jingxi Culture and Tourism Co., Ltd. (SZSE:000802) for CNY 30 million on July 30, 2018. As per the agreement, Calxon (Shanghai) Internet Technology Co., Ltd. will pay CNY 0.11 million for the shares and CNY 29.9 million for creditor’s rights. After the completion, Calxon (Shanghai) Internet Technology Co., Ltd. will directly hold 100% stake in Aimei (Beijing) Cinema Investment Co., Ltd. For the year ended December 31, 2017, Aimei (Beijing) Cinema Investment Co., Ltd. had revenue of CNY 9.87 million and net loss of CNY 0.14 million. As on December 31, 2017, Aimei (Beijing) Cinema Investment Co., Ltd. had total assets of CNY 26.14 million and total owner's liability of CNY 5.33 million. The Board of Directors of China Calxon Group Co., Ltd., parent of Calxon (Shanghai) Internet Technology Co., Ltd., approved the transaction in the 19th session of 6th directorate meeting on July 30, 2018.