Wu Bin agreed to acquire 47.83% stake in Beijing Toread Bingxue Holding Development Co., Ltd. from Toread Holdings Group Co., Ltd. (SZSE:300005) for CNY 11 million on October 27, 2023. As of September 30, 2023, Beijing Toread Bingxue Holding Development Co., Ltd. generated total assets of CNY 9.5 million and net assets of CNY 6.2 million. The transaction is approved by board of directors of Toread Holdings Group Co., Ltd.