Fujian Dazhou Cultural Tourism Investment Co., Ltd. agreed to acquire Beijing Xin Yu Brothers Internet Technology Co., Ltd. from Great Wall International ACG Co., Ltd. (SZSE:000835) for CNY 1 on December 20, 2021. The consideration shall be paid within 1 day from the effective date of the equity transfer agreement. As of November 30, 2021, Beijing Xin Yu Brothers Internet reported Total Assets of CNY 144.7 million and negative Total owner's equity of CNY 2.08 million.

The transaction is approved by the board of directors of Great Wall International and needs to be submitted to the seventh extraordinary general meeting of shareholders for deliberation.