Beijing Hengtong Liankong Technology Co., Ltd. entered into a share transfer agreement to acquire additional 21.67% stake in PI.E Chain Co., Ltd. from Julong Co., Ltd. (SZSE:300202) for CNY 20 million on December 27, 2019. As a result of the share transfer, Beijing Hengtong Liankong Technology will increase its stake in PI.E Chain from 40.85% to 62.52%. For the year ended December 31, 2018, PI.E Chain had Revenue of CNY 38.7 million, Operating Loss of CNY 96.53 million and Net Loss of CNY 96.86 million. As at December 31, 2018, PI.E Chain had Total Assets of CNY 386.96 million and Net Assets of CNY 177.96 million. Julong’s 4th directorate in its 14th meeting approved the matter. It does not need approval from Julong’s shareholders. Beijing Hengtong Liankong Technology Co., Ltd. cancelled a share transfer agreement to acquire additional 21.67% stake in PI.E Chain Co., Ltd. from Julong Co., Ltd. (SZSE:300202) on December 27, 2020.