Fujian Fuchun Investment Co., Ltd. signed equity transfer agreement to acquire Chengdu Moqikaka Technology Co., Ltd. for CNY 42.5 million on December 14, 2020. Payment method and payment arrangement will be one-off cash payment. After the completion of the change of the equity transfer and industrial and commercial registration procedures, the equity transfer money that Fuchun Investment needs to pay will be offset by Fuchun Technology Co., Ltd.’s debts (as of the date of this announcement, Fuchun Technology Co., Ltd. owes Fuchun Investment CNY 54.5 million). As of October 31, 2020, Moqikaka's total assets were CNY 78.6 million net assets attributable to the parent company were CNY 72.5 million. Fuchun Technology Co., Ltd. held the fifth meeting of the fourth Board of Directors and the fifth meeting of the fourth board of supervisors on December 14, 2020.