Gusui (Huzhou) Equity Investment Partnership agreed to acquire a 20.41% stake in Shanghai Zhiyu Information Technology Co., Ltd. from Shanghai Guao Electronic Technology Co., Ltd. (SZSE:300551) for CNY 55 million on December 7, 2021. Under the terms, Gusui will pay the consideration of CNY 55 million in cash in installments, (i) 51% of the equity transfer price under this agreement within two days from the date of review and approval of this equity transfer matter; (ii) Within ten working days from the date when the registration authority completes the industrial and commercial change registration and obtains the "Business License" for this equity transfer, 49% of the equity transfer price under this agreement shall be paid. Post completion, Li Huasheng will hold 24.54% stake, Ding Wei will hold 14.14% stake, Miao Xiaoyong will hold 14.14% stake, Zhu Hui will hold 13.13% stake, Yang Yousheng will hold 10.10% stake, Ding Hua will hold 3.53% stake Gusui will hold 20.41% stake, Shanghai Guao will hold 0% stake in Shanghai Zhiyu Information Technology Co., Ltd. For the year ended 2020, Shanghai Zhiyu Information Technology Co., Ltd. reported Total assets of CNY 49.79 million and Net income of 4.05 million.