Shenzhen Yuanzhi Huaxin Emerging Industry Equity Investment Fund Partnership (Limited Partnership), Shenzhen Jianxin Yuanzhi Investment and Loan Linkage Equity Investment Fund Partnership Enterprise, Shenzhen Xinfuhui No. 2 Investment Partnership (Limited Partnership) and Zhuhai Zhixinhui Investment Partnership (Limited Partnership) agreed to acquire 49% stake in Shenzhen Chedian Network Co., Ltd. from Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) for approximately CNY 150 million on September 26, 2019. Shenzhen Yuanzhi Huaxin Emerging Industry Equity Investment Fund Partnership (Limited Partnership), Shenzhen Jianxin Yuanzhi Investment and Loan Linkage Equity Investment Fund Partnership Enterprise, Shenzhen Xinfuhui No. 2 Investment Partnership (Limited Partnership) and Zhuhai Zhixinhui Investment Partnership (Limited Partnership) will 17.1%, 6.7%. 0.27% and 25% stakes respectively. After the transaction, Shenzhen Clou Electronics Co., Ltd. will retain a 51% stake in Shenzhen Chedian Network Co., Ltd. As of December 31, 2018, the total assets of Shenzhen Chedian Network Co., Ltd. were CNY 509.9 million, net assets were CNY 214.77 million. Zhuhai Zhixinhui Investment Partnership (Limited Partnership) will pay a 50% of the transactional price within 15 days since signing of the agreement while all other buying parties will pay a 50% of the price within 5 days since the target company and the Company retransfer to said buying parties the relevant Payment Confirmation involving Zhuhai Zhixinhui Investment Partnership (Limited Partnership). The rest of the compensation will be paid within 90 days since delivery of underlying equity is completed. In 2018, it realized operating profit of CNY 30.2 million and net profit of CNY 32.4 million. Shenzhen Clou Electronics Co., Ltd. 11th extraordinary meeting of the 7th directorate approved the transaction. Approval from the shareholders’ meeting of Shenzhen Clou Electronics Co., Ltd is still pending. As of November 12, 2019, the transaction has been approved by the 6th extraordinary general meeting of shareholders of Shenzhen Clou Electronics Co., Ltd.