Shanghai Xiangsui Enterprise Management Co., Ltd. agreed to acquire additional 25% stake in Anhui Yaen Brand Management Co., Ltd. from Lionhead Technology Development Co., Ltd. (SHSE:600539) for CNY 6.25 million on August 30, 2023. The transaction is approved by board of directors of Lionhead Technology Development Co., Ltd. As of June 30, 2023, Anhui Yaen Brand Management Co., Ltd. generated total assets of CNY 23.5 million and net assets of CNY 19.6 million.