Shenzhen Taihe Huamei Investment Co., Ltd. signed the equity transfer agreement to acquire Beijing Yingmob Interactive Technology Co., Ltd. from KAISA Jiayun Technology Inc. (SZSE:300242)for approximately CNY 240 million on June 3, 2020. First-phase equity transfer payment: The first-phase equity transfer payment is 15% of the equity transfer payment, which is CNY 35.7 million. The transferor and the transferee agree to payment being done in two parts in the following manner: within 3 working days since signing of the agreement , the transferee shall pay 5% of the equity transfer payment to the transferor, that is, CNY 11.9 million, that is, the deposit that the transferee has paid to the equity trading center for this equity transfer shall be converted into the first equity transfer under this agreement Part of the payment; within 15 working days from the date of signing of this agreement, the transferee shall pay the transferor 10% of the equity transfer payment, which is CNY 23.8 million. Second-phase equity transfer payment: Within 5 working days after one year from the completion date of the settlement, the transferee shall pay 30% of the equity transfer payment to the transferor, that is, CNY 71.4 million. Third equity transfer payment: Within 5 working days after the completion of the delivery two years later, the transferee shall pay 30% of the equity transfer payment to the transferor, that is, CNY 71.4 million. Final payment: Within 5 working days after the completion of the delivery three years, the transferee should pay 25% of the equity transfer payment to the transferor, which is CNY 59.5 million. Shenzhen Taihe Huamei Investment Co., Ltd. completed the acquisition of Beijing Yingmob Interactive Technology Co., Ltd. from KAISA Jiayun Technology Inc. (SZSE:300242) on June 19, 2020. As of June 19, 2020, Shenzhen Taihe Huamei Investment Co., Ltd has paid the first installment of the equity transfer payment of CNY 35.7 million to KAISA Jiayun Technology. KAISA Jiayun Technology Inc. no longer holds the equity of Beijing Yingmob Interactive Technology Co., Ltd., and Beijing Yingmob Interactive Technology Co., Ltd. is no longer included in KAISA Jiayun Technology's consolidated financial statements.