Beijing Shengshi Jindi Real Estate Appraisal Co., Ltd. entered into an agreement to acquire Beijing Handing Kechuang Information Consulting Co., Ltd. from Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) for CNY 35.8 million on June 10, 2021. On June 10, 2021, Guangdong Qunxing Toys Joint-Stock Co., Ltd. received the first payment of CNY 31.8 million. Beijing Shengshi Jindi Real Estate Appraisal Co., Ltd. will pay remaining CNY 4.04 million before December 31, 2021. Beijing Handing Kechuang Information Consulting reported total assets of CNY 38.1 million and net assets of CNY 34.6 million as on March 31, 2021. This transaction has been approved in the 28th Meeting of Guangdong Qunxing Toys Joint-Stock Co., Ltd.'s 4th Directorate held on June 10, 2021, and does not need the Shareholders’ Approval.