Shanghai DZH Limited (SHSE:601519) intends to acquire a 69.12% stake in Aidou Technology (Shanghai) Co., Ltd. from Wu Jianwei, Hu Yuxin, Wuxi Haiyingjia Investment Enterprise (Limited Partnership) and Nanjing Wolong Lake Real Estate Co., Ltd. for CNY 58.7 million on December 10, 2021. As a part of consideration, Wu Jianwei wil receive CNY 39.14 million, Hu Yuxin will receive CNY 2.92 million, Nanjing Wolong Lake Real Estate Co., Ltd. will receive CNY 9.1 million and Wuxi Haiyingjia Investment Enterprise (Limited Partnership) will receive CNY 7.6 million. Shanghai DZH Limited intends to sign the equity transfer agreement with Wu Jianwei, Hu Yuxin, Wuxi Haiyingjia Investment Enterprise (Limited Partnership) and Nanjing Wolong Lake Real Estate Co., Ltd. At the same time Shanghai DZH Limited will increase the capital of Aidou Technology with a capital increase of CNY 20 million. Pre transaction and capital increase, Wu Jianwei, Hu Yuxin, Wuxi Haiyingjia Investment Enterprise (Limited Partnership) and Nanjing Wolong Lake Real Estate Co., Ltd. holds 68.30546%, 12.05391%, 8.93034% and 10.7103% stake in Aidou Technology respectively. After the completion of transaction and capital increase, Shanghai DZH Limited, Wu Jianwei and Hu Yuxin will hold 75%, 18% and 7% stake in Aidou Technology respectively. Aidou Technology (Shanghai) Co., Ltd. reported total assets of CNY 71.9 million, total liabilities of CNY 43.5 million, net assets of CNY 28.4 million, operating income of CNY 261.7 million and net profit of CNY 0.16 million for the year ended December 31, 2020. Aidou Technology (Shanghai) Co., Ltd. reported total assets of CNY 62.5 million, total liabilities of CNY 36.9 million and net assets of CNY 25.6 million for the year ended April 30, 2021. The transaction needs to be approved by the relevant authorities. As on December 10, 2021, transaction is unanimously approved by the board of directors of Shanghai DZH Limited.