Zwsoft Co.,Ltd. (SHSE:688083) agreed to acquire 4.62% stake in Beijing Bochao Shidai Software Co., Ltd. on April 16, 2024. This transaction has been reviewed and approved at the second meeting of the company's sixth board of directors on April 16, 2024. Zwsoft planned to use their own funds of CNY 53 million to acquire a total of 35.34% of Beijing Bochao?s equity through multiple agreements.

Beijing Bochao Shidai Software Co., Ltd. reported Total revenue of CNY 108.9 million, Total assets worth CNY 114.4 million, Total common equity of CNY 11.4 million and Net income of CNY 0.51 million on December 31, 2023. Transaction has already been approved by Zwsoft's board of director's.