Beijing Waluer Information Technology Co., Ltd. (SZSE:301380) agreed to acquire remaining 49% stake in Beijing Yitong Jiayue Technology Co., Ltd. from Cui Jia for approximately CNY 180 million on February 2, 2024. Under the terms, CNY 107.31 million shall be paid at completion and the remaining CNY 71.54 million after fulfillment of 2024 and 2025 performance. Beijing Yitong Jiayue Technology Co., Ltd. reported Total revenues of CNY 179 million, Total assets worth CNY 158.4 million, Net income of CNY 27.9 million and Total Common equity of CNY 82.98 million on December 31, 2023.

Transaction has been approved by Beijing Waluer Information Technology 's Board of Directors.