Meisheng Cultural & Creative Corp., Ltd. (SZSE:002699) intends to acquire 15.93% stake in Hangzhou Cheyun Network Technology Co., Ltd. on April 29, 2021. In a related deal, Meisheng Holding Group Co., Ltd. also intends to transfer its 0.6% equity of Beijing Huayi Jishi Investment Fund (Limited Partnership) to Meisheng Cultural & Creative Corp., Ltd. The combined transaction price is CNY 70 million. Hangzhou Cheyun Network Technology Co., Ltd. reported total assets of CNY 9.909091 million and net assets of CNY 8.203115 million of March 31, 2021. The board of directors of Meisheng Cultural & Creative Corp., Ltd. approved the transaction.