Shenzhen L&A Design Holding Limited (SZSE:300949) signed the equity transfer agreement to acquire an additional 29% stake in Shenzhen L&A Blooming Digital Technology Co., Ltd. from Shenzhen Blooming Cultural and Creative Investment Co., Ltd. for CNY 0 million on June 7, 2022. Before transfer, Shenzhen Blooming Cultural and Creative Investment was held with 49% stake and after transfer it will hold 20% stake. For December 31, 2021, Shenzhen L&A Blooming Digital reported total assets of CNY 0.33 million and net liability of CNY 1.4 million.