WuHan Yangtze Communication Industry GroupCo.,Ltd (SHSE:600345) agreed to acquire Diaisi Information Technology Co., Ltd. from consortium of sellers for CNY 1.3 billion on August 12, 2022. Diaisi Information Technology Co., Ltd. reported total assets of CNY 784.8096 million and net assets of CNY 293.9399 million for the period ended on June 30, 2022. The transaction is subject to approval of regulatory board/committee, shareholders and board of WuHan Yangtze Communication Industry GroupCo.,Ltd. Transaction is subject to approval from Shanghai Stock Exchange and consent of the China Securities Regulatory Commission.

The transaction has been approved by board of directors of WuHan Yangtze Communication Industry GroupCo.,Ltd and Diaisi Information's board. As of March 10, 2023, Shareholders approved the transaction. AllBright Law Office acted as a legal advisor, BDO China Shu Lun Pan Certified Public Accountants acted as accounting firm, China Industrial Securities Co., Ltd. acted as financial advisor to WuHan Yangtze Communication Industry GroupCo.,Ltd.