Shanghai Xintonglian Packaging Co., Ltd. (SHSE:603022) signed a framework agreement to acquire 51% stake in Zhejiang Huakun Daowei Data Technology from Huzhou Yanqing Enterprise Management Consulting Partnership (Limited Partnership), Meng Xiankun and Qiu Fangyuan on October 24, 2019. The consideration will be paid in cash. In a related transaction, Cao Wenjie and Shanghai Wenjie Investment Consulting Partnership (Limited Partnership) signed an agreement to acquire 17.2% stake in Shanghai Xintonglian Packaging Co., Ltd. from Meng Xiankun on October 24, 2019. Shanghai Xintonglian Packaging Co., Ltd. (SHSE:603022) cancelled the acquisition of 51% stake in Zhejiang Huakun Daowei Data Technology from Huzhou Yanqing Enterprise Management Consulting Partnership (Limited Partnership), Meng Xiankun and Qiu Fangyuan on October 25, 2020.