China Dive Company Limited (SZSE:300526) entered into an equity transfer agreement to acquire Beihai Huiyu Network Technology Co., Ltd. from Shanghai Qinerliang Network Technology Co., Ltd., Wang Qiang and Ding Yucai for CNY 1 on July 24, 2019. The consideration will be paid in cash. China Dive Company Limited will acquire 60% stake from Shanghai Qinerliang Network Technology Co., Ltd., 38.8% stake from Wang Qiang and 1.2% stake from Ding Yucai.Post completion of the transaction, Beihai Huiyu Network Technology Co., Ltd. will become a wholly-owned subsidiary of China Dive Company Limited.