Yonyou Network Technology Co., Ltd. (SHSE:600588) agreed to acquire an additional 0.32% stake in Sino-Tone (Beijing) Consulting Co., Ltd. from Yu Hu for CNY 0.96 million on August 22, 2017. Under the terms of transaction, Yonyou Network Technology Co., Ltd. (SHSE:600588) will acquire an additional 0.06 million shares of Sino-Tone (Beijing) Consulting Co., Ltd. Upon completion, Yonyou Network Technology Co., Ltd. will hold 10.32% stake Sino-Tone (Beijing) Consulting Co., Ltd. For the year ended December 31, 2016, Sino-Tone (Beijing) Consulting Co., Ltd. reported total assets of CNY 33.3 million, net assets of CNY 4.7 million, revenue of CNY 66.6 and net loss of CNY 6.2 million. The Board of Yonyou Network Technology Co., Ltd. approved the transaction. Yonyou Network Technology Co., Ltd. (SHSE:600588) cancelled the acquisition of additional 0.32% stake in Sino-tone (Beijing) Consulting Co.Ltd from Yu Hu on August 22, 2018.