Xinyu Martian Investment Management Partnership Enterprise (Limited Partnership) and Wang Qi signed an equity repurchase agreement to acquire Beijing Mars era Network Technology Co., Ltd. from Baiyang Investment Group, Inc. (SZSE:002696) for approximately CNY 470 million on August 13, 2019. The deal value is paid in cash. For the year ending 2018, Beijing Mars era Network Technology Co., Ltd. reported revenues of CNY 546.9 million and net profit of CNY 54 million. As of year 2018, Beijing Mars era Network Technology Co., Ltd. reported total assets of CNY 657.6 million and net assets of CNY 374.1 million. The transaction needs to be submitted to Baiyang Investment Group, Inc.'s shareholders meeting for deliberation, and the related shareholders need to abstain from voting on the proposal at the shareholders' meeting. On August 13, 2019, the 39th meeting of the third directorate held by Baiyang Investment Group, Inc. reviewed and approved the deal. Xinyu Martian Investment Management Partnership Enterprise (Limited Partnership) and Wang Qi cancelled the acquisition of Beijing Mars era Network Technology Co., Ltd. from Baiyang Investment Group, Inc. (SZSE:002696) on August 13, 2020.