Shanghai Zhaoxin Software Technology Co., Ltd. signed an agreement to acquire Shanghai Zhaoxin Software Technology Co., Ltd. from China Dive Company Limited (SZSE:300526) for CNY 40.8 million on April 27, 2020. As at December 31, 2019, Shanghai Zhaoxin Software Technology Co., Ltd. had total assets of CNY 54.36 million and net assets of CNY 40.78 million. For the year ended December 31, 2019, Shanghai Zhaoxin Software Technology Co., Ltd. had revenue of CNY 0.69 million and net loss of CNY 0.036 million. The transaction does not need the approvals of the China Dive’s Directorate and Shareholders.