Beijing Jingshi Yiyang Education Technology Co., Ltd., Wang Bangwen and Wen Zuobin entered into an agreement to acquire 51.5% stake in Beijing Combanc Technology Co., Ltd. from Doushen (Beijing) Education & Technology INC. (SZSE:300010) for approximately CNY 140 million on June 16, 2021. Upon completion, Beijing Jingshi will own 3.5% stake, Wang Bangwen will own 35% and Wen Zuobin will own 13% stake in Beijing Combanc. The purchase price of CNY 140 million includes CNY 94.5 million by Wang Bangwen, CNY 35.5 million by Wen Zuobin and CNY 9.45 million by Beijing Jingshi.