Guangdong Aofei Data Technology Co., Ltd. (SZSE:300738) agreed to acquire 70% stake in Atop Corporation from Shenzhen SDG Information Co., Ltd. (SZSE:000070) for approximately CNY 120 million on January 31, 2024. The consideration consists of CNY 117.4 million in cash. As part of the consideration, CNY 117.4 million was paid towards common equity.

Guangdong Aofei will pay CNY 20 million as deposit and the remaining balance of CNY 97.37 million within 5 working days from the effective date. The transaction was approved by the Board of Directors of Shenzhen SDG Information Co., Ltd. As on March 15, 2024, Guangdong Aofei Data Technology Co., Ltd. (SZSE:300738) signed an agreement to acquire 70% stake in Atop Corporation from Shenzhen SDG Information Co., Ltd. (SZSE:000070).