Beijing Ruitai Zhonghe Technology Co., Ltd. agreed to acquire Shanghai Falcon Network Co., Ltd from Genimous Technology Co., Ltd. (SZSE:000676) for CNY 1 on December 30, 2023. The consideration consists of CNY 1 in cash. As part of the consideration, CNY 1 was paid towards common equity.

Shanghai Falcon reported total assets of CNY 32.8 million and net liabilities of CNY 147.1 million as on September 30, 2023. The transaction is subject to approval by the Board of Directors of Genimous Technology.