Capitalonline Data Service Co., Ltd. (SZSE:300846) signed the acquisition agreement to acquire Huailai Wisdom Yungang Technology Co., Ltd. from Liling Junchen Enterprise Management Consulting Partnership Enterprise (Limited Partnership) and Beijing Wangjian Internet Information Service Center Co., Ltd. for CNY 27.4 million on March 22, 2023. The consideration will be paid in two stages, first stage of consideration payment all parties agree that the Capitalonline Data Service will pay the first phase consideration of CNY 14 million and will pay CNY 13.39 million no later than March 31, 2024. The transaction was approved by the 14th session of the Capitalonline Data Service Co., Ltd 5th directorate.

For the year ended, February 28, 2023, Huailai Wisdom Yungang Technology Co., Ltd. 16.480 million and net asset is CNY 13.3650 million.