Shanghai Ershuo Technology Partnership (Limited Partnership), Shanghai Yiyuan Technology Partnership (Limited Partnership), Shanghai Haowei Technology Partnership (Limited Partnership) and Shanghai Niuyous Technology Partnership (Limited Partnership) agreed to acquire 17% stake in Zhejiang Xiaowang Technology Co., Ltd. from Beijing Watertek Information Technology Co., Ltd. (SZSE:300324) for CNY 102 million on July 27, 2022. The board of Beijing Watertek Information Technology approved the deal on July 27, 2022. Zhejiang Xiaowang Technology has reported total assets of CNY 63.156737 million on March 31, 2022. Zhejiang Xiaowang Technology has reported net profit of CNY -46.329043 million in December 31, 2021.

Shanghai Ershuo Technology Partnership (Limited Partnership), Shanghai Yiyuan Technology Partnership (Limited Partnership), Shanghai Haowei Technology Partnership (Limited Partnership) and Shanghai Niuyous Technology Partnership (Limited Partnership) cancelled the acquisition to acquire 17% stake in Zhejiang Xiaowang Technology Co., Ltd. from Beijing Watertek Information Technology Co., Ltd. (SZSE:300324) on December 19, 2022.