Fang Xiaoqi signed an equity repurchase agreement to acquire 12% stake in Beijing Chujian Technology Limited from Tangel Publishing Co., Ltd. (SZSE:300148) for approximately CNY 140 million on October 28, 2020. In a related transaction, Tangel Publishing Co., Ltd. acquired 2.84% stake in Beijing Chujian Technology Limited from Fang Xiaoqi for CNY 1. Transaction is approved by the Board of Tangel Publishing Co., Ltd. Transaction is expected to complete within 36 months after the signing of the repurchase agreement.