Fujian Apex Software Co., Ltd. (SHSE:603383) signed an agreement to acquire 38.75% stake in Xi'an West Point Information Technology Co., Ltd. from a group of sellers for CNY 0 on June 14, 2019. Upon completion of acquisition and private placement, Fujian Apex Software Co., Ltd. will hold 64.74% stake, Liu Wenxin will hold 12.12% stake, Wang Zheng will hold 6.27% stake, Song Mei will hold 7.78% stake, Li Jianfeng will hold 4.93% stake, Tao Zhenhua will hold 2.72% stake, Gao Ge will hold 0.72% stake and Gao Liangliang will hold 0.72% stake in Xi'an West Point Information Technology Co., Ltd. In a related transaction, Fujian Apex Software Co., Ltd. will make a capital increase for a total of CNY 5.9 million in Xi'an West Point Information Technology Co., Ltd. If Xi'an West Point Information Technology Co., Ltd. achieves sales totaling more than CNY 26.4 million and achieving a net operating cash flow of more than CNY 3 million, Fujian Apex Software Co., Ltd. will carry out a second increase of CNY 2.85 million. For the year ended December 31, 2018, Xi'an West Point Information Technology Co., Ltd. had revenue of CNY 3.3 million and net loss of CNY 0.40 million. The transaction has been approved by the Board of Fujian Apex Software Co., Ltd. Fujian Apex Software Co., Ltd. (SHSE:603383) cancelled the acquisition of 38.75% stake in Xi'an West Point Information Technology Co., Ltd. from a group of sellers on June 14, 2020.