Shanxi Huhua Group Co., Ltd. (SZSE:003002) signed an agreement to acquire an unknown stake in Jiangsu Zhongxinbang Software Technology Co., Ltd. from Zhu Chuandong on October 26, 2021. Shanxi Huhua Group also plans to increase stake in Jiangsu Zhongxinbang Software Technology by capital increase and leading 40% stake after both acquisition and capital stake. The transaction has been approved unanimously by the board of directors of Shanxi Huhua.

For the year ending December 31, 2020, Jiangsu Zhongxinbang Software Technology reported EBIT of CNY 0.0093 million and net loss of CNY 3 million. As of December 31, 2020, total assets are CNY 0.33 million and total common equity is CNY (0.967) million.