Guangdong Entreperngurial Investment Association Assets Management Co., Ltd. Agree to acquire 55% stake in Beijing Yimei Huijin Information Technology Co., Ltd from Zhongchang Big Data Corporation Limited (SHSE:600242) on August 28, 2020. On August 28, 20202, the directorate of Zhongchang Big Data Corporation approved the transaction. Transaction still needs to be approved by the Zhongchang Big Data Corporation shareholders’ meeting. Yimei Huijin did not cooperate with the Zhongchang Big Data to carry out audit and evaluation related works, the company was unable to obtain the audit and evaluation report of Yimei Huijin. According to the relevant provisions of Article 9.7 of the Shanghai Stock Exchange Stock Listing Rules, it could not be submitted to the company’s shareholders’ meeting for deliberation.