Shenzhen Hifuture Information Technology Co., Ltd. (SZSE:002168) signed the intentional agreement to acquire additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd. for approximately CNY 430 million on April 24, 2020. The transaction will be funded from own cash of Shenzhen Hifuture Information Technology. The final agreement will be subject to the formal agreement signed by the parties. The follow-up matters involved in this agreement will be in accordance with the Company Law, Shenzhen Stock Exchange Stock Listing Rules, Shenzhen Stock Exchange SME Board Listed Companies Standard Operation Guidelines and Articles of Association and other relevant laws and regulations perform the corresponding decision-making and approval procedures, and fulfill the information disclosure obligations in accordance with the law. As reported on October 24, 2020, the parties to the transaction signed supplementary agreement and agreed to extend the validity period of the equity acquisition by six months. If within six months of the signing of the supplementary agreement, the two parties fail to reach a substantive agreement on the acquisition matters listed in the equity acquisition intention agreement, or if the buyer’s Board of Directors and shareholders’ meeting are not obtained, or if the regulatory agency is not obtained, the supplementary agreement and the equity acquisition intention agreement will be automatically terminated. The Board of Shenzhen Hifuture Information Technology approved the transaction on April 24, 2020. The supplementary agreement was approved by Board of Shenzhen Hifuture Information Technology on October 24, 2020. Shenzhen Hifuture Information Technology Co., Ltd. (SZSE:002168) cancelled the acquisition of an additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd. on April 24, 2021. On April 24, 2021, the cooperation period of the above-mentioned agreement has expired. The deposit of CNY 20 million shall be refunded to Shenzhen Hifuture Information Technology Co., Ltd. within 10 working days from the termination.