Bringspring Science and Technology Co., Ltd. (SZSE:300290) agreed to acquire additional 6% stake in Shanghai Creating Information Technology Co Ltd. from Deqing Boyu Investment Management Partnership (limited partnership) on May 20, 2021. As per terms of transaction, The Bringspring Science and Technology Co., Ltd shall pay 50% of the total equity transfer price within ten working days from the date when the preconditions for the payment of the first equity transfer price are fulfilled. Within ten working days after the completion of the processing of the target equity and the target company obtains the new business license, the remaining target equity transfer price shall be paid. As on March 31, 2021, Shanghai Creating Information Technology Co Ltd. reported total assets of approximately CNY 150 million, owener's equity of approximately CNY 110 million, revenue of CNY 18.8 million and net profit of CNY 7.9 million. Transaction is approved by the Board of Bringspring Science and Technology Co., Ltd.