Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) agreed to acquire 6% stake in Xinhua Zhiyun Technology Co., Ltd from Xinhuanet Co., Ltd. (SHSE:603888) for CNY 150 million on March 29, 2021. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) signed an agreement to acquire 6% stake in Xinhua Zhiyun Technology Co., Ltd from Xinhuanet Co., Ltd. (SHSE:603888) on April 8, 2021. The deposit that Chinese Universe Publishing has paid to the equity exchange is CNY 30 million, which will be directly transferred to the partial price of this equity transaction after the signing of this contract and within 5 working days from the effective date of this contract, the remaining property rights transaction price of CNY 120 million was paid in one lump sum to the designated bank account of the property rights exchange.

The Board of Directors of Chinese Universe Publishing and Media Group Co., Ltd. approved the transaction.