Shanghai Jianzhong Enterprise Management Center (Limited Partnership) signed an equity transfer agreement to acquire an additional 5.45% stake in Shanghai Electronic Certificate Authority Center Co., Ltd. from Shanghai Weaver Network Co., Ltd. (SHSE:603039) for CNY 73.6 million on January 11, 2021. As a result of the transaction, Shanghai Jianzhong Enterprise Management Center will hold 13.625% stake in Shanghai Electronic Certificate Authority Center Co., Ltd. In September 30, 2020, Shanghai Electronic Certificate Authority Center reported a total assets of CNY 629 million, total common equity of CNY 481 million, total revenues of CNY 106 million and net income of CNY 27.1 million. The transaction was approved by the Board of Directors of Shanghai Weaver Network Co., Ltd. As of March 19, 2021, transaction is subject to approval from shareholders of Shanghai Weaver Network Co., Ltd. As of March 29, 2021, shareholders of Shanghai Weaver Network approved this transaction in 1st special shareholders’ meeting for 2021.