Gospell Digital Technology Co., Ltd. (SZSE:002848) agreed to acquire Qingdao Digitech Info Technology Co., Ltd. from Qingdao Henghuitai Industry Development Fund Co., Ltd. managed by Qingdao Jufeng Chuangying Equity Investment Co., Ltd., Qingdao Zhiwang Enterprise Management Service Consulting Partnership Enterprise and Zhang Hao on August 26, 2022. The issue price for this asset acquisition is CNY9.26 per share. The company will issue A shares to not more than 35 specific investors including holding shareholder Weifang Bincheng Investment & Development Co., Ltd.á(hereafter Weifang Bincheng) to raise supporting funds.

The shares subscribed by Weifang Bincheng must not be transferred within 18 months after the issuance completion date. This transaction was approved by, Weifang BinchengÆs approval in principle 25th session of the companyÆs 4th directorate, 16th session of the companyÆs 4th supervisory board held on August 26, 2022, Internal decision-making procedures of the counter parties. This transaction still needs to be approved by, After the audit, appraisal works, the target must obtain internel decision-making authorityÆs approval of the formal plan.

After the audit, appraisal works, the companyÆs directorate must approve the formal plan, Weifang Sannong Innovation Development Group Co., Ltd.Æs approval, The State Administration of Science, Technology and Industry for National Defense should issue its opinions on the review of military matters involved in this transaction, and approve the information disclosure exemption related matters of this transaction. CompanyÆs shareholdersÆ meeting and CSRC.