Shenzhen Xinpengyun Technology Co., Ltd agreed to acquire additional 10.04% minority stake in Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) from Shenzhen Yunyihui Investment Co., Ltd. for CNY 1.1 billion on January 11, 2022. Under the terms, Shenzhen Xinpengyun will acquire additional stake for CNY 6.42 per share and the consideration will be paid with in the twelve months from the date of signing this agreement. Currently, Shenzhen Xinpengyun holds 0.55% stake and after closing will hold 10.58% stake in Dr. Peng Telecom.

Shenzhen Xinpengyun Technology Co., Ltd will acquire 170,329,667 shares of Dr. Peng Telecom & Media Group Co., Ltd.