China Dive Company Limited (SZSE:300526) and Shenzhen Direishi Jewelry Co., Ltd. signed equity transfer agreement to acquire Shanghai Zhaoxin Software Technology Co., Ltd. from Zhongchuang Investment Management Co., Ltd. for CNY 2 on September 26, 2019. Under the terms, China Dive Company Limited will acquire 50% stake in Shanghai Zhaoxin Software Technology Co., Ltd. for CNY 1 and Shenzhen Direishi Jewelry Co., Ltd. will acquire 50% stake in Shanghai Zhaoxin Software Technology Co., Ltd. for CNY 1. The payment shall be done within 15 days of the signing of this agreement. At the same time, China Dive Company agreed to increase the capital of Shanghai Zhaoxin Software Technology Co by CNY 15.8 million, and Shenzhen Direishi will increase the capital of Shanghai Zhaoxin Software Technology Co by CNY 15 million. After the capital increase is completed, China Dive Company will hold a 51% stake and Shenzhen Direishi will hold a 49% stake in Shanghai Zhaoxin Software Technology Co. For the year ended June 2019, Shanghai Zhaoxin Software Technology Co., Ltd. reported net assets of CNY 0 and total assets of CNY 0.