Beijing Ruixun Information Technology Co., Ltd. agreed to acquire 65% stake in Beijing YLZ Zhikang Technology Co., Ltd. from YLZ Information Technology Co., Ltd (SZSE:300096) for CNY 1 on February 26, 2020. At present, YLZ Information Technology Co., Ltd holds a 65% stake and after transfer, it will no longer hold any equity in in Beijing YLZ Zhikang Technology Co., Ltd. Beijing Ruixun Information Technology Co., Ltd. will transfer the full amount of equity transfer funds into YLZ Information Technology Co., Ltd designated bank account within 10 days from the effective date of signing of the related agreement. As of December 31, 2019, Beijing YLZ Zhikang Technology Co., Ltd. has total assets of CNY 1.3 million, owners equity of negative CNY 1.2 million, operating revenue of CNY 4.3 million and operating loss of CNY 6.1 million. The transaction was approved by the 1st meeting of the 4th reunion of the directors strategy committee of 2020 and by the 21st meeting of the 4th directorate of YLZ Information Technology Co., Ltd. Beijing Ruixun Information Technology Co., Ltd. cancelled the acquisition of 65% stake in Beijing YLZ Zhikang Technology Co., Ltd. from YLZ Information Technology Co., Ltd (SZSE:300096) on February 26, 2021.