Glodon Company Limited (SZSE:002410) entered into a share transfer agreement to acquire the remaining 90.67% stake in Luoyang Hongye Information Technology Co., Ltd. from Huaihua Jinluo Network Technology Center (Limited Partnership), Huaihua Luolin Engineering Technology Consulting Center (Limited Partnership) and Huaihua Jinshuo Enterprise Management Consulting Center (Limited Partnership) for approximately CNY 270 million on October 10, 2020, The consideration will be paid in tranches. Post completion, Glodon Company Limited will hold 100% stake in Luoyang Hongye Information. The transaction is approved by the Board of Glodon Company Limited. Glodon Company Limited (SZSE:002410) completed the acquisition of acquire the remaining 90.67% stake in Luoyang Hongye Information Technology Co., Ltd. from Huaihua Jinluo Network Technology Center (Limited Partnership), Huaihua Luolin Engineering Technology Consulting Center (Limited Partnership) and Huaihua Jinshuo Enterprise Management Consulting Center (Limited Partnership) in October, 2020.