Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) agreed to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 18, 2024. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) signed share transfer agreement to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 19, 2024. The group of sellers include Fan Xinghong, Guan Fei, Beijing Langzhong Investment Management Center (Limited Partnership), Shanghai Ruili Cultural Science and Technology Innovation Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhu Haifeng, Zhongtong Runtong Investment Management (Qingdao) Partnership Enterprise (Limited Partnership), Sichuan Haokang Environmental Protection Technical Service Co., Ltd., and Ningbo Chengzhong Investment Partnership Enterprise (Limited Partnership). Chinese Universe Publishing and Media Group Co., Ltd will use its own funds for this transaction. The deal has been approved by board of directors of Chinese Universe Publishing and Media Group. As of April 2, 2024, Transaction has been approved by anti-trust authorities. As on April 25, 2024 transfer of the first batch of shares has been approved by the Beijing Municipal Administration for Market Regulation.

Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) completed the acquisition of 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers on April 24, 2025.