Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) agreed to acquire 10.9462% stake in Zhongtian Technology Submarine Cable Co., Ltd. from Nantong Yuhong Information Consulting Partnership (Limited Partnership), Nantong Yujin Information Consulting Partnership (Limited Partnership), Nantong Yuxiu Information Consulting Partnership (Limited Partnership), Nantong Yucheng Information Consulting Partnership (Limited Partnership) and Nantong Yuyuan Information Consulting Partnership (Limited Partnership) for approximately CNY 390 million on January 15, 2024.