Simei Media Co.,Ltd. (SZSE:002712) agreed to acquire remaining 40% stake from Zhoushan Zhifu Tiancheng Investment Partnership Enterprise (LP) and Shi Wenhai for CNY 50 million on June 29,2021. Simei Media Co.,Ltd. will acquire 39% from Zhoushan Zhifu Tiancheng Investment Partnership Enterprise (LP) and remaining 1% from Shi Wenhai. For the year ended on December 31, 2021, reported total assets CNY 70 million, owners equity CNY 58 million, revenue CNY 100 million and net profit CNY 10 million. The transaction has been approved by board of Simei Media Co.,Ltd.