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. As of October 17, 2023, Shanghai Stock Exchange has approved the transaction on October 16, 2023. The transaction was approved by China Securities Regulatory Commission. As on December 7, 2023, the terms were revised and now WuHan Yangtze will issue 80.1 million shares. The issue price has been revised to CNY 13.82 per share.

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.

WuHan Yangtze Communication Industry GroupCo.,Ltd (SHSE:600345) completed the acquisition of Diaisi Information Technology Co., Ltd. from consortium of sellers on December 9, 2023.