Yeahka Limited (SEHK:9923) signed an agreement to acquire 42.5% stake in Beijing Chuangxinzhong Technology Co., Ltd. from Qin Lingjin, Zhang Guoxian, Pei Xiao, Zhan Yang and Wang Zhongliang for approximately CNY 170 million on December 24, 2020. Under the terms of the transaction, Yeahka will pay CNY 15 million in cash and will issue its 4.9 million as consideration. Upon completion, Yeahka will indirectly hold 85% of the equity interest in Beijing Chuangxinzhong. Post completion, Beijing Chuangxinzhong will become an indirect non-wholly owned subsidiary of Yeahka. Yeahka Technology (subsidiary of Yeahka) has the rights to appoint two out of three directors at the board of Beijing Chuangxinzhong. For year ended September 30, 2020, Beijing Chuangxinzhong reported EBIT of CNY 24.7 million. Transaction is subject to obtaining all necessary authorizations from and completing all necessary registrations and filings (if applicable) with relevant governmental authorities or any third parties; Beijing Chuangxinzhong having completed the restructuring; founders having completed the SAFE registration; Listing Committee of the Stock Exchange having granted approval for the listing of, and permission to deal in, the consideration shares; Beijing Chuangxinzhong having settled all the payments related to the restructuring and all relevant tax fillings having been completed. The issue of the consideration shares is not subject to the approval of the shareholders of Yeahka. As on February 22, 2021, the transaction was approved by the shareholders of Yeahka Limited. The completion shall take place on a day within five business days after the conditions precedent are fulfilled or waived or such other day as the parties may agree in writing. Gram Capital Limited acted as financial advisor to Independent Board Committee and Independent Shareholders of Yeahka. Computershare Hong Kong Investor Services Limited acted as registrar for Yeahka. Yeahka Limited (SEHK:9923) completed the acquisition of 42.5% stake in Beijing Chuangxinzhong Technology Co., Ltd. from Qin Lingjin, Zhang Guoxian, Pei Xiao, Zhan Yang and Wang Zhongliang on April 23, 2021. Upon the Completion, Beijing Chuangxinzhong Technology Co., Ltd. has become a direct wholly-owned subsidiary of Yeahka Limited.