Shandong Judi Enterprise Management Service Co., Ltd. agreed to acquire Shanghai Huatou Network Technology Co., Ltd. from Lecron Industrial Development Group Co., Ltd. (SZSE:300343) for CNY 0.25 million on March 26, 2021. Shandong Judi will pay CNY 0.25 million in full before March 31, 2021. For the year ended December 31, 2020, Shanghai Huatou Network reported total assets of CNY 99.7 million, met liabilities of CNY 173.7 million, revenue of CNY 0.57 million, operating profit of CNY 90.46 million and net profit of CNY 90.45 million. The transaction is not subject to approval from shareholders. The transaction has been approved by the Board of Lecron Industrial. The receivables received by Shanghai Huatou Network or the company controlled by Shandong Judi will be used to repay the debts due to Lecron Industrial or take the transfer of debt to repay the debts due to Lecron Industrial.