Wufu Technology Group Co., Ltd. signed a Significant Asset Sale Intention Agreement to acquire a 53.3% stake in Doublerise Internet (Beijing) Technology Co., Ltd. from Great Chinasoft Technology Co.,Ltd. (SZSE:002453) on December 3, 2021. Wufu Technology Group Co., Ltd. signed an Agreement to acquire a 53.3% stake in Doublerise Internet (Beijing) Technology Co., Ltd. on June 29, 2022. Doublerise Internet has a revenue of CNY 3,064.9086 million, total assets of CNY 575 million, equity of CNY 119 million and EBIT of CNY 21 million as of December 31, 2022. The transaction needs to perform the necessary decision-making and approval procedures. On June 27, 2022, Wufu Technology's shareholder Badachu holdings Group made a decision, approving for Wufu Technology to acquire 53.33% stake in Doublerise. On June 27, 2022, Doublerise Internet (Beijing) Technology Co., Ltd shareholder resolved the transaction. June 29, 2022, the 34th session of the company's 5th directorate approved the reorganization report. Transaction plan still needs to be reviewed and approved by the general meeting of shareholders of the Great Chinasoft Technology Co.,Ltd. and regulatory approval. Kaiyuan Securities Co., Ltd. acted as financial advisor to Great Chinasoft Technology Co.,Ltd.

Wufu Technology Group Co., Ltd. completed the acquisition of 53.3% stake in Doublerise Internet (Beijing) Technology Co., Ltd. from Great Chinasoft Technology Co.,Ltd. (SZSE:002453) on August 25, 2022.