Tianjin Yansheng Trading Co., Ltd. signed an agreement to acquire additional 45% stake in Shanghai Bosheng Jiayi Technology Co., Ltd. from Shanghai U9 Game Co.,Ltd. (SHSE:600652) for CNY 80.1 million on December 27, 2019. After completion Tianjin Yansheng Trading Co., Ltd. will hold 90% stake in Shanghai Bosheng Jiayi Technology Co., Ltd. and Shanghai U9 Game Co.,Ltd. will no longer hold any interest. For the year ending December 31, 2018, total asset, total debt, net asset, operating revenue and net loss of Shanghai Bosheng Jiayi Technology Co., Ltd. was approximately CNY 160 million, approximately CNY 0.3 million, approximately CNY 160 million, CNY 0 million and approximately CNY 7.8 million. The transaction was approved by the board of directors of Shanghai U9 Game Co.,Ltd and shareholders approval in not required. Tianjin Yansheng Trading Co., Ltd. cancelled the acquisition of additional 45% stake in Shanghai Bosheng Jiayi Technology Co., Ltd. from Shanghai U9 Game Co.,Ltd. (SHSE:600652) on December 27, 2020.