XD Inc. (SEHK:2400) entered into the Equity Transfer Agreement to acquire an additional 6.8% stake in Yiwan (Shanghai) Network Science and Technology Co., Ltd from Shanghai Xinhe Business Consultation Partnership (Limited Partnership) for approximately CNY 170 million on May 12, 2021. The consideration for the Acquisition will be financed by proceeds raised from the issue of convertible bonds completed on April 12, 2021 and the placing of new Shares completed on April 13, 2021, and/or by other internal financial resources. Upon the Completion, X.D. Network will hold 80.98% equity interest in Yiwan. The Yiwan (Shanghai) Network reported total assets of CNY 961.2 million, Net income of CNY 86.1 million, and common equity of CNY 665. 3 million for the year ending December 31, 2020. Completion of the Acquisition shall take place when the Second Instalment was paid.