Huawen Media Group (SZSE:000793) agreed to acquire an additional 24% stake in Sanya Huitu Cultural Tourism Investment Development Co., Ltd. from Lhasa Jinyi Enterprise Management Co., Ltd. for CNY 82.7 million on March 18, 2021. Sanya Huitu Cultural Tourism Investment reported total assets of CNY 229.1 million as of September 30, 2020. The transaction is approved by the Board of Huawen Media Group.