Puning XinHonghui Industrial Investment Co., Ltd. agreed to acquire 53.2% stake in Shenzhen Eddue Information Industry Co.,Ltd from Goldlok Holdings(Guangdong) Co.,Ltd. (SZSE:002348) for approximately CNY 170 million on December 13, 2020. Under the terms of the transaction, 50% of the consideration will be paid within 2 days of this agreement, and remaining 50% will be paid within 12 months from the date when the competent authority for industry and commerce issues the transfer and registration documents. As of June 4, 2021, the parties agreed the consideration to be CNY 47.92 million. The consideration shall be paid as follows: within 7 working days after the equity transfer agreement takes effect, Puning XinHonghui Industrial Investment shall pay Goldlok Holdings(Guangdong) CNY 1 million as an equity transfer deposit; 3 after the date of completion of the registration of the target equity issued by the competent authority for industry and commerce within the month, the transferee shall pay the remaining transfer amount to the transferor. For the year ended December 31, 2019, Shenzhen Eddue Information Industry Co.,Ltd reported CNY 96.022432 million in revenues, CNY 240.735238 million in Total assets, CNY 196.772281 million in Net assets and CNY 17.913991 million in Net loss. The transaction is subject to shareholders approval of Goldlok. The transaction has been approved by the Board of Directors of Goldlok in the sixteenth extraordinary meeting of the sixth session.