Hubei Chutian Smart Communication Co.,Ltd. (SHSE:600035) agreed to acquire Wuhan Zhichengda Transportation Engineering Co., Ltd. from Wuhan Zhongheng Lutong Construction Development Co., Ltd. for CNY 73.9 million on November 2, 2021. Hubei Chutian Smart shall pay the consideration in cash after completion of the industrial and commercial change. Wuhan Zhichengda Transportation changed its name to Hubei Chutian High Speed ??Digital Technology Co., Ltd. As of September 2021, Wuhan Zhichengda Transportation reported total assets of CNY 0.11 million and net assets of CNY 7,398.

The transaction is approved by the Hubei Chutian Smart's general manager's office meeting and does not need to be submitted to the board of directors for deliberation.