Hanwang Technology Co.,Ltd. (SZSE:002362) intends to acquire the remaining 30% stake in Beijing Hanwang Yingyan Technology Co., Ltd. from Beijing Yingyan Zhongzhi Technology Center (Limited Partnership) for CNY 12.3 million on December 17, 2021. The consideration will be funded using own funds. As of June 30, 2021, Beijing Hanwang Yingyan reported net assets of CNY 42.5 million and total assets of CNY 88.3 million.

The transaction is approved by the board of directors of Hanwang Technology and does not need to be submitted to the general meeting of shareholders for deliberation. The transaction will not affect on normal operations of Hanwang Technology.