China Electronics Engineering Design Institute and Science and Technology Reform Cohesion (Hangzhou) Equity Investment Partnership agreed to acquire unknown minority stake in Datang Telecom Convergence Communications Co., Ltd. from Gohigh Networks Co.,Ltd (SZSE:000851) for approximately CNY 260 million on December 26, 2023. Under the terms, CNY 5.75 per share was paid for 45 million shares. The transaction has been approved by the Board of Directors and shareholders of Gohigh Networks Co.,Ltd.

China Electronics Engineering Design Institute and Science and Technology Reform Cohesion (Hangzhou) Equity Investment Partnership completed the acquisition of unknown minority stake in Datang Telecom Convergence Communications Co., Ltd. from Gohigh Networks Co.,Ltd (SZSE:000851) on February 6, 2024.