Zhongtian Technology Group Co., Ltd. signed equity transfer agreement to acquire Zhongtian Technology Group Shanghai International Trade Co., Ltd. from Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) for approximately CNY 340 million on June 29, 2022. As of 2021, Zhongtian Technology Group Shanghai International Trade Co., Ltd. generated total assets of CNY 1.6 billion, net assets of CNY 478.6 million, operating income of CNY 9.5 billion and net profit of CNY 53.1 millionThe transaction is approved by board of directors of Jiangsu Zhongtian Technology Co., Ltd.