Chanjet Information Technology Company Limited (SEHK:1588) signed a letter of intent to acquire an unknown minority stake in Sino-tone (Beijing) Consulting Co.Ltd from Yonyou Network Technology Co., Ltd. (SHSE:600588), Hangzhou Yinxinghai Equity Investment Partnership and other shareholders on September 30, 2019. In a related transaction Chanjet Information Technology also intends to make a capital contribution agreement post which Chanjet Information Technology will hold 67% in Sino-tone (Beijing) Consulting.

Chanjet Information Technology Company Limited (SEHK:1588) cancelled the acquisition of an unknown minority stake in Sino-tone (Beijing) Consulting Co.Ltd from Yonyou Network Technology Co., Ltd. (SHSE:600588), Hangzhou Yinxinghai Equity Investment Partnership and other shareholders on January 13, 2020.