Song Lei entered into a share transfer agreement to acquire 5% stake in Anjie Wireless Technology (Suzhou) Co., Ltd. from Suzhou Anjie Technology Co., Ltd (SZSE:002635) for CNY 1 million on February 14, 2019. Anjie Wireless Technology (Suzhou) Co., Ltd reported total assets of CNY 16 million and net assets of CNY 15.9 million as of December 31, 2018. The transaction does not need approval of Board and shareholders of Suzhou Anjie Technology.