Chen Zhiye agreed to acquire 24% stake in Jiangsu Sea Level Data Technology Co., Ltd. from TIZA Information Industry Corporation INC. (SZSE:300209) for CNY 7 million on December 30, 2020. Post the transaction, TIZA Information Industry Corporation will not hold any stake in Jiangsu Sea Level Data Technology. Jiangsu Sea Level Data Technology has total assets of CNY 32 million and net assets of CNY 9.2 million and generated revenues of CNY 22.1 million, operating profit of -CNY 1.6 million and net profit of -CNY 0.9 million as of September 30, 2020. The Board of Directors of meeting of the fifth directorate approved the transaction. The transaction is subject to to the approval of the board of directors and does not need to be submitted to the TIZA Information Industry's shareholders meeting for review.