Lvjing Holding Co., Ltd. (SZSE:000502) signed Assets Framework Agreement to acquire 51% stake in Sanhe Yali Information Technology Co., Ltd. from Shenzhen Pangu Data Co., Ltd. on January 18, 2021. Lvjing Holding Co., Ltd. signed acquisition of assets agreement to acquire 51% stake in Sanhe Yali Information Technology Co., Ltd. from Shenzhen Pangu Data Co., Ltd. for CNY 76.5 million on March 16, 2021. In accordance with the agreement, the Company has made a deposit of CNY 4 million and shall pay remaining CNY 72.5 million within 15 working days from acquisition agreement date. The transfer of shares will be completed within 10 working days from the payment date. As on November 30, 2020, total asset and net asset of Sanhe Yali Information Technology Co., Ltd. was approximately CNY 167 million and approximately CNY 132 million respectively. The transaction was approved by the Board of Directors of Lvjing Holding Co., Ltd. at the 15th Meeting of the 11th Directorate, by the shareholders of Shenzhen Pangu Data Co., Ltd. and Sanhe Yali Information Technology Co., Ltd. on March 16, 2021. The transaction is subjected to approval of shareholders of Lvjing Holding Co., Ltd. and other necessary approvals. On April 8, 2021, the transaction was approved at the 1st Extraordinary Shareholders Meeting of 2021 of Lvjing Holding Co., Ltd. Mou Boyu, Yang Guohui, Zhu Zeliang and Wu Lin of Dongguan Securities Co., Ltd. acted as independent financial advisor, Wang Zhiyong and Xie Dongyang of BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountants and Yang Xinghui, He Xinyu of DeHeng Law Offices acted as a legal advisor to Lvjing Holding Co., Ltd. Lvjing Holding Co., Ltd. (SZSE:000502) completed the acquisition of 51% stake in Sanhe Yali Information Technology Co., Ltd. from Shenzhen Pangu Data Co., Ltd. on May 25, 2021. Sanhe Yali Information Technology Co., Ltd. completed the change of business registration of its share transfer.