Beijing Huiyou Century Technology Co., Ltd. agreed to acquire an additional unknown stake in Beijing Kuaiyou Century Technology Co., Ltd. from Spearhead Integrated Marketing Communication Group (SZSE:300071) for CNY 10 million on November 11, 2019. As per the transaction, Beijing Huiyou Century Technology Co., Ltd. will acquire additional 0.63 million shares. Post completion, Beijing Huiyou Century Technology Co., Ltd. will hold 9.23% stake in Beijing Kuaiyou Century Technology Co., Ltd. For the period ended December 31, 2018, Beijing Kuaiyou Century Technology Co., Ltd. has reported total assets of CNY 525.12 million, total liabilities of CNY 44.14 million, net assets of CNY 480.98 million, revenues of CNY 426.94 million and net income of CNY 64.64 million. The Board of Directors of Spearhead Integrated Marketing Communication Group has approved the transaction. Beijing Huiyou Century Technology Co., Ltd. cancelled the acquisition of an additional unknown stake in Beijing Kuaiyou Century Technology Co., Ltd. from Spearhead Integrated Marketing Communication Group (SZSE:300071) on November 11, 2020.