Qingdao Tengshi Culture Technology Co., Ltd. won an auction and signed equity transfer agreement to acquire Zhejiang Seeco Media Co., Ltd. from Shenzhen Capstone Industrial Co.,Ltd. (SZSE:000038) on December 11, 2019. As of March 24, 2021, Shenzhen Capstone Industrial recently received CNY 18 million in equity transfer payments from Tengshi Culture and has received cumulative equity transfer payments of CNY 131.84 million.