Winner Technology Co., Inc. (SZSE:300609) agreed to acquire a 40% stake in Shanghai Duorong Technology Development Co., Ltd. from Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei for CNY 40 million on September 17, 2021. Winner Technology will pay CNY 17 million to Ji Kun for 17% stake. CNY 9 million to Zhang Lisong for 9% stake, CNY 9 million to Zhu Liping for 9% stake and CNY 5 million to Jin Wei for 5% stake. Payment of the first purchase price: Winner Technology shall meet or waive all the conditions specified in Prerequisites 1 in this agreement no later than 7 working days or written by Winner Technology, Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei at other times agreed to pay 50% of the total purchase price. Payment of the remaining purchase price: Winner Technology shall pay Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei no later than 7 working days or other time agreed in writing by all parties after all the conditions specified in Prerequisite No. 2 of this agreement are met or waived The remaining purchase price is CNY 20 million. For the year ended on June 30, 2021, Shanghai Duorong Technology Development Co., Ltd. reported total assets of CNY 60 million and Net assets of CNY 20 million. The transaction is subject to approval from shareholders of Winner Technology Co., Inc. and has been approved by board of Winner Technology Co., Inc. Winner Technology Co., Inc. (SZSE:300609) completed the acquisition of a 40% stake in Shanghai Duorong Technology Development Co., Ltd. from Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei on November 9, 2021.