Huitongda Network Co., Ltd. entered into the Equity Acquisition Agreement to acquire Nanjing Hosjoy Engineering Technology Co., Ltd. from Hosjoy Comfort Smart Home Co., Ltd. for CNY 504.3 million.

Huitongda Network Co., Ltd. (SEHK:9878) entered into the Equity Acquisition Agreement to acquire Nanjing Hosjoy Engineering Technology Co., Ltd. from Hosjoy Comfort Smart Home Co., Ltd. for CNY 504.3 million on March 21, 2023. The consideration will be paid with self-owned funds by the Huitongda Network Co., Ltd. to Hosjoy in cash. For the year ended, October 31, 2022, Nanjing Hosjoy Engineering Technology Co., Ltd. total asset is CNY 8497107 million and net asset is CNY 2950352 million.

The Equity Acquisition Agreement shall become effective upon the parties fulfilled all the internal decision-making and approval procedures required and The relevant regulatory authorities approval.