Xue Xiangdong, Jiao Lei, Xu Deli, Zhou Zhirong, and Hu Yang agreed to acquire 37.3% stake in Beijing Donghua Botai Technology Co., Ltd. from DHC Software Co., Ltd. (SZSE:002065) and Hu Jingtao for CNY 15 million on January 11, 2021. Zhou Zhirong, Hu Yang, Danzhou Xingkong Xinlian Enterprise Management Partnership (Limited Partnership), Danzhou Xingkong Ronglian Enterprise Management Partnership (Limited Partnership), Danzhou Xingkong Integrated Enterprise Management Partnership (Limited Partnership), Hu Yang and Zhou Zhirongand Xu Deli agreed to acquire 53.375% stake in Beijing Donghua Botai Technology Co., Ltd. from DHC Software Co., Ltd. and Hu Jingtao for CNY 20 million on September 10, 2021. As per the transaction, Xue Xiangdong and Jiao Lei will acquire 9% and 8.195% stake from DHC Software Co., Ltd. Jiao Lei will also acquire 1.81% stake from Hu Jingtao. Xu Deli, Zhou Zhirong, and Hu Yang will acquire 10%, 3.285% and 5% stake from Hu Jingtao. Xue Xiangdong will pay CNY 13.5 million, Jiao Lei will pay CNY 0, Xu Deli will pay CNY 1.48 million, Hu Yang and Zhou Zhirong will each pay CNY 0. Post completion, DHC Software Co., Ltd. will hold 61% stake while Hu Jingtao hold no stake in Beijing Donghua Botai Technology Co., Ltd. As of September 30, 2020, Beijing Donghua Botai Technology Co., Ltd. has reported total assets of CNY 112.16 million and net assets of CNY 30.51 million. The Board of Directors of DHC Software Co., Ltd. have approved the transaction. As of September 10, 2021, Xue Xiangdong, Jiao Lei, Xu Deli, Zhou Zhirong, and Hu Yang cancelled the acquisition of 37.3% stake in Beijing Donghua Botai Technology Co., Ltd. from DHC Software Co., Ltd. and Hu Jingtao. As per the transaction, 10%, 10%, 5%, 5%, and 3.285% stake will be transferred to Danzhou Xingkong Xinlian Enterprise Management Partnership (Limited Partnership) for CNY 10.79775 million, Danzhou Xingkong Comprehensive Enterprise Management Partnership (Limited Partnership) for CNY 10.79775 million, Danzhou Xingkong Ronglian Enterprise Management Partnership (Limited Partnership) for CNY 7.5 million, Hu Yang for CNY 7.5 million and Zhou Zhirong for CNY 4.9275 million. Hu Jingtao will transfer his 20.09% stake in Donghua Botai to Xu Deli. The consideration will be in cash and to be paid before December 31, 2024. After the completion of the transfer transaction, DHC Software Co.,Ltd. will hold 44.91% of the equity in Donghua Botai. The transaction has been approved by board of DHC Software Co.,Ltd,