Chengdu Information Technology of The Chinese Academy of Sciences Co., Ltd. (SZSE:300678) agreed to acquire Chengdu Retool Science & Technology Co., Ltd. from a group of shareholders for approximately CNY 300 million in September, 2020. The specific transaction price has not yet been determined. Among them, the payment of the share consideration accounted for 70%, and the payment of the cash consideration accounted for 30%. As of November 9, 2020, Chengdu Information will issue 8.8 million shares and will pay CNY 73.5 million cash. As of November 27, 2020, a supplementary agreement was signed and consideration payable is decided as approximately CNY 250 million. In related transaction, Chengdu Information will issue shares to raise funds to pay the cash consideration for this transaction, the fees of intermediaries related to this transaction and to supplement Chengdu Information liquidity. Chengdu Information Technology will issue shares to raise supporting funds of not more than CNY 171.1 million. The transaction is subject to approval of internal decision making body of sellers, approval of relevant competent authority and Shenzhen Stock Exchange and register by the China Securities Regulatory Commission, approval by shareholders of Zhongke Wish and SKY Technology and Chengdu Information shareholders? approval. The tenth meeting of the third Board of Directors of Chengdu Information held on September 9, 2020 and the internal decision-making body of the counterparty approved the transaction. On November 23, 2020, the receipt of approval documents from the Chinese Academy of Sciences Holding Co., Ltd. stating their approval of issuance of shares and payment. As of January 22, 2021, the transaction has been approved by the Board of Chengdu Information Technology. As of February 8, 2021, the transaction was approved by the shareholders of Chengdu Information Technology of The Chinese Academy of Sciences Co., Ltd. The transaction still needs to be approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission. As on June 2, 2021, This transaction was approved by the Shenzhen Stock Exchange. The registration date of the distribution of equity is June 9, 2021, and the ex-rights and ex-dividend date is June 10, 2021. As June 18, 2021, Shenzhen Stock Exchange approved the transaction. As on September 23, 2021, China Securities Regulatory Commission approved the transaction. Tian Yuan Law Firm acted as legal advisor and Baker Tilly China Certified Public Accountants acted as accountant for Chengdu Information. Guotai Junan Securities Co., Ltd acting as an independent financial advisor to Chengdu Information Technology of The Chinese Academy of Sciences Co., Ltd. for the transaction. Chengdu Information Technology of The Chinese Academy of Sciences Co., Ltd. (SZSE:300678) completed the acquisition of Chengdu Retool Science & Technology Co., Ltd. from a group of shareholders on October 29, 2021.