Beijing Oriental Jicheng Co., Ltd. (SZSE:002819) agreed to acquire a 51% stake in Shanghai Polelink Information Technology Co., Ltd. from Jia Guozhen for approximately CNY 120 million on December 23, 2021. Beijing Oriental Jicheng Co., Ltd. will fund the consideration from its own funds. Post transaction, Jia Guozhen will hold 20.4286% stake and Zuo Wei will retain 28.5714% stake in Shanghai Polelink Information Technology Co., Ltd. Shanghai Polelink Information Technology Co., Ltd. reported total assets of CNY 132.2 million, total liabilities of CNY 73.3 million, net assets of CNY 58.9 million, revenue of CNY 198.5 million and net profit of CNY 20 million for the year ended December 31, 2020.

Shanghai Polelink Information Technology Co., Ltd. reported total assets of CNY 143 million, total liabilities of CNY 97.3 million and net assets of CNY 45.8 million for the year ended June 30, 2021.