Henan Information Industry Investment Co., Ltd. and Henan Information Industry Fund Management Co., Ltd. signed an agreement to acquire 20% stake in Beijing Shuzhi Technology Co., Ltd. (SZSE:300038) from Shanghai Nuomu Investment Center (Limited Partnership), fund managed by Duce Capital Investment Management Partnership Limited, Zhang Zhiyong and Zhang Min for CNY 2.2 billion on November 18, 2019. Henan Information Industry Investment Co., Ltd. and Henan Information Industry Fund Management Co., Ltd. will acquire 234.37 million shares at CNY 9.381 per share. The parties negotiated to determine that the final purchase price and payment method shall be subject to the formal share transfer agreement to be signed by both parties after due diligence procedures are completed and approval by the state-owned regulatory authority is obtained. Post completion, Shanghai Nuomu Investment Center (Limited Partnership), Zhang Zhiyong and Zhang Min will hold 236.17 million shares representing 20.15% stake of Beijing Shuzhi Technology Co., Ltd. The signing of the transaction plan and the relevant formal agreement will require the approval of the parties to the transaction, the approval of the state-owned regulatory authorities and the compliance confirmation of the Shenzhen Stock Exchange. Henan Information Industry Investment Co., Ltd. and Henan Information Industry Fund Management Co., Ltd. cancelled the acquisition of 20% stake in Beijing Shuzhi Technology Co., Ltd. (SZSE:300038) from Shanghai Nuomu Investment Center (Limited Partnership), fund managed by Duce Capital Investment Management Partnership Limited, Zhang Zhiyong and Zhang Min on November 18, 2020.