Shenzhen Easttop Supply Chain Management Co., Ltd. (SZSE:002889) signed an equity transfer agreement to acquire Shenzhen Qianhai Guangyan Holdings Co., Ltd. from Sun Weiping for CNY 13 million on September 4, 2020. The consideration shall be paid within 30 working days after signing agreement. The transaction was approved at the 17th meeting of the fourth board of directors of Shenzhen Easttop Supply Chain Management Co., Ltd. For the year ending December 31, 2019, total asset, net asset, revenue, operating profit and net profit of Shenzhen Qianhai Guangyan Holdings Co., Ltd. was CNY 174 million, CNY 12.4 million, CNY 12.8 million, CNY 3.3 million and CNY 1.9 million respectively.