Foshan Lanhai Ruisheng Equity Investment Partnership Enterprise (Limited Partnership) agreed to acquire 10.34% stake in Qingdao Eastsoft Communication Technology Co.,Ltd (SZSE:300183) from Cui Jian, Hu Yajun and Wang Rui on December 10, 2020. Foshan Lanhai Ruisheng Equity Investment Partnership Enterprise (Limited Partnership) entered into an agreement 10.34% stake in Qingdao Eastsoft Communication Technology Co.,Ltd from Cui Jian, Hu Yajun and Wang Rui on December 18, 2020. Under the terms of transaction, Cui Jian will transfer 21.1 million shares, Hu Yajun will transfer 13.4 million shares and Wang Rui will transfer 13.4 million shares. Upon completion of agreement and block trade transaction, Foshan Lanhai Ruisheng Equity Investment Partnership will hold 14.87% stake, Cui Jian will hold 16.06% stake, Hu Yajun will hold 10.2% and Wang Rui will hold 10.22% stake. In a related transaction, Foshan Lanhai Ruisheng Equity Investment Partnership Enterprise will acquire 4.5% stake from Cui Jian, Hu Yajun and Wang Rui by block trade method. The transaction has been approved by the Board of Foshan City Nanhai Financial Hi-Tech Zone Investment Holdings Co., Ltd. on December 10, 2020. As on December 11, 2020, a shareholder of Foshan City Nanhai Financial Hi-Tech Zone Investment approved the transaction. As on December 14, 2020, the transaction has been approved by Nanhai District Government. As of December 16, 2020, Foshan Lanhai Ruisheng Equity Investment Partnership Enterprise (Limited Partnership)’s investment committee approved this acquisition.