Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) entered into a letter of intention to acquire a 11.897058% stake in YOOZOO Interactive Co., Ltd. (SZSE:002174) from Lin Xiaoxi, Lin Ruijing and Lin Li for CNY 1.1 billion on December 30, 2022. Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) entered into an agreement to acquire a 11.89% stake in YOOZOO Interactive Co., Ltd. (SZSE:002174) from Lin Xiaoxi, Lin Ruijing and Lin Li for CNY 1.1 billion on March 1, 2023.Under the terms, Shanghai Jiayou Enterprise will acquire 107.3 million shares at a price of CNY 10.20 per share. Lin Xiaoxi will transfer 37.68 million shares, accounting for 4.11% stake, Lin Ruijing will transfer 31.96 million shares, accounting for 3.49% stake, Lin Li will transfer 37.68 million shares, accounting for 4.11% stake.

Shanghai Jiayou Enterprise Management has paid CNY 470 million and remaining amount will be paid within 30 days working days after the date of registration and transfer of the shares. Transaction has been approved by Shanghai Jiayou Enterprise Management's board.