Cui Zhen entered into an agreement to acquire 8.33% stake in Beijing Huiying Tianxia Network Technology Co., Ltd. from Shenzhen Mindata Holding Co., Ltd. (SZSE:002137) for CNY 71 million on March 28, 2018. For the year ended December 31, 2017, Beijing Huiying Tianxia Network Technology Co., Ltd. reported revenue of CNY 37.4 million, operating loss of CNY 304.3 million and net loss of CNY 314.2 million. As of December 31, 2017, Beijing Huiying Tianxia Network Technology Co., Ltd. reported total assets of CNY 67.5 million and net liabilities of CNY 174.1 million. The transaction has been approved in the 7th Meeting of the 5th Directorate of Shenzhen Mindata Holding Co., Ltd. and does not need its shareholders’ approval. On March 28, 2018, Cui Zhen settled the first tranche of payment of CNY 66 million and on April 3, 2018, Cui Zhen paid for the remaining payment of CNY 5 million.