Shenzhen Hifuture Information Technology Co., Ltd. agreed to acquire 20.6897% of Chongqing Fengji Intelligence Technology Research Institute Co., Ltd. from Xiong Xiaofu for CNY 1.16 million.

Chongqing Hifuture Information Technology Co Ltd, formerly Shenzhen Hifuture Information Technology Co Ltd, is a China-based company mainly engaged in the manufacturing of electrical equipment. The Company operates three segments. Electrical Business segment is engaged in providing integrated solutions for new energy electric vehicle charging stations including charging systems, power distribution systems, measurement and control systems and security systems. The Game Business segment includes traffic management business based on big data refined marketing, as well as the research and development, distribution of mobile games and the operation of game platforms. The New Energy Business segment is engaged in the manufacturing of smart electrical facilities and equipment, as well as the manufacturing and operation of charging stations. The Company is also involved in investment business, which covers financial product investment, securities investment and equity investment.