Yonyou Network Technology Co., Ltd. (SHSE:600588) agreed to acquire an additional 11.9% stake in Sino-Tone (Beijing) Consulting Co., Ltd. for CNY 52.4 million on November 14, 2017. Post acquisition, Yonyou Network Technology will hold 22.2% stake in Sino-Tone (Beijing) Consulting. The transaction has been approved in 7th directorate meeting of Yonyou Network Technology. Yonyou Network Technology Co., Ltd. (SHSE:600588) cancelled the acquisition of additional 11.9% stake in Sino-Tone (Beijing) Consulting Co., Ltd. on November 14, 2018.