Funshine Culture Group Co., Ltd. (SZSE:300860) agreed to acquire an additional 25% stake in Beijing Beite Shengdi Technology Development Co., Ltd. for CNY 37.5 million on March 27, 2023. Following the acquisition, Funshine Culture Group Co., Ltd. will hold 45% stake in Beijing Beite Shengdi Technology Development Co., Ltd. The Board of Directors of Funshine Culture Group Co., Ltd. approved the acquisition on March 27, 2023.