Shanghai LongYun Cultural Creation & Technology Group Co., Ltd. entered into an agreement to acquire Hezhou Chenyue Technology Service Co., Ltd. from Xuzhou Heheng Information Technology Partnership for CNY 200 million.

Shanghai LongYun Cultural Creation & Technology Group Co., Ltd. (SHSE:603729) entered into an agreement to acquire Hezhou Chenyue Technology Service Co., Ltd. from Xuzhou Heheng Information Technology Partnership for CNY 200 million on December 15, 2022. The board of directors of Shanghai LongYun Cultural Creation & Technology Group Co., Ltd. (SHSE:603729) have approved the transaction. Transaction is subject to approval from Shanghai LongYun Cultural's shareholders.

As on December 30, 2022, Transaction has been approved by Shanghai LongYun Cultural's shareholders.