Chen Xianghong and Sun Jie agreed to acquire 15% stake Jiangsu Haiping Data Technology Co., Ltd. from TIZA Information Industry Corporation INC. (SZSE:300209) on December 30, 2019. Pursuant to the terms, Chen Xianghong, legal representative, director and general manager of Jiangsu Haiping will take 10% stake at a premium of CNY 1.15 million while Sun Jie, director and deputy prime minister of Jiangsu Haiping will take 5% stake in Jiangsu Haiping at a premium of CNY 0.57 million. Post-completion, the stake owned by TIZA Information Industry Corporation in Jiangsu Haiping will reduce to 40% from 55%. For year ended December 31, 2018, Jiangsu Haiping reported total assets of CNY 9.01 million, net assets of CNY 8.81 million, revenues of CNY 5.27 million, operating profit of CNY 0.45 million and net profit of CNY 0.45 million. The transaction is approved by the board of Jiangsu Haiping. The supervisory committee of TIZA Information Industry Corporation issued an agreed review opinion. Chen Xianghong and Sun Jie agreed to acquire 15% stake Jiangsu Haiping Data Technology Co., Ltd. from TIZA Information Industry Corporation INC. (SZSE:300209) on December 29, 2020.