7.12 intends to acquire 52.4596% equity of Fangzhou Technology for 3.39 billion yuan.

On July 12th notice, the company plans to sign a "Equity Transfer Agreement" with Che Wanfang, Wu Ping and others to acquire 52.4596% equity of Beijing Fangzhou Technology Co., Ltd. held by the above shareholders for a total of 339 million yuan. At the same time, the company intends to acquire 5.7757% equity of Fangzhou Technology held by Hangzheng Kechuang through public delisting. After the completion of this transaction, Fangzhou Technology will become a subsidiary of the company and be included in the company's consolidated financial statements. The company plans to increase its capital by 30 million yuan to Fangzhou Technology. After the capital increase is completed, the company will hold 60.00% equity of Fangzhou Technology.