Longhua Jiada Enterprise Management Consulting Center (Limited Partnership) acquired 21% stake in Beijing Yangguang United Media Investment Co., Ltd. from LeKing Wellness Co., Ltd. (SZSE:300247) for CNY 70 million on December 30, 2020. As of September 30, 2020, Beijing Yangguang United Media Investment Co., Ltd. reported total assets of CNY 553.863 million and net assets of CNY 312.086 million. After the transfer, LeKing Wellness will hold no stake and Longhua Jiada Enterprise Management Consulting Center (Limited Partnership) will hold 82.3529% stake. The transaction was approved in the 10th meeting of LeKing Wellness Co., Ltd. 5th Directorate held on December 30, 2020, and does not need the shareholders’ approval. Longhua Jiada Enterprise Management Consulting Center (Limited Partnership) completed the acquisition of 21% stake in Beijing Yangguang United Media Investment Co., Ltd. from LeKing Wellness Co., Ltd. (SZSE:300247) on December 30, 2020. Longhua Jiada Enterprise Management Consulting Center (Limited Partnership) has received CNY 36 million, 51.43% of the transfer price, and the remaining amount will be paid before August 31, 2021. As of September 24, The company has received the remaining equity transfer payment of CNY 34 million for the 21% equity of Beijing Yangguang United, and the equity transfer payment has been fully obtained. According to the agreement, LeKing Wellness is assisting the counterparty in handling the discharging procedures of the 21% equity pledge of Beijing Yangguang.