Beijing Qianyuan Hongsheng Enterprise Consulting Co., Ltd. agreed to acquire unknown majority stake in Tianjin Demian Mining Co., Ltd., Beijing Shengtong Heng'an Technology Co., Ltd. and Shenzhen Baoyufeng Technology Co., Ltd. from Kairuide Holding Co., Ltd. (SZSE:002072) on December 19, 2019. Under the transaction, Beijing Qianyuan Hongsheng Enterprise will acquire 100% of Tianjin Demian Mining Co., Ltd., 51% equity of Beijing Shengtong Heng'an Technology Co., Ltd., and 100% equity of Shenzhen Baoyufeng Technology Co., Ltd. After the transaction, the Tianjin Demian Mining will not hold any more shares of the three targets. As of December 31, 2018, Tianjin Demian Mining had total assets of RMB 130.15 million, net assets of CNY 72.5 million, and nil profit, Beijing Shengtong Heng'an Technology Co., Ltd. had total assets of CNY 0.2 million, net assets of negative CNY 1.18 million and net loss of CNY 1.17 million, Shenzhen Baoyufeng Technology had total assets of CNY 156.5 million, net assets of negative CNY 12.06 million and net loss of CNY 0.062 million. Beijing Qianyuan Hongsheng Enterprise Consulting Co., Ltd. cancelled the acquisition of an unknown majority stake in Tianjin Demian Mining Co., Ltd., Beijing Shengtong Heng'an Technology Co., Ltd. and Shenzhen Baoyufeng Technology Co., Ltd. from Kairuide Holding Co., Ltd. (SZSE:002072) on December 19, 2020.