The management of Beijing Huayi Baichuang agreed to acquire a stake in Beijing Huayi Baichuang Media Technology Co., Ltd. from BlueFocus Communication Group Co. Ltd. (SZSE: 300058) and other shareholders on January 18, 2012. BlueFocus will transfer 5% stake in Beijing Huayi Baichuang to Zeng Ming, Chief Executive Officer of Beijing Huayi Baichuang, for CNY 0.51 million. After completion of CNY 2.5 million investment to be done by BlueFocus in Beijing Huayi Baichuang and the share transfer in Beijing Huayi Baichuang, BlueFocus will hold 19.5% stake in Beijing Huayi Baichuang. The transaction was approved by Directors of BlueFocus on January 18, 2012.


The management of Beijing Huayi Baichuang cancelled the acquisition of a stake in Beijing Huayi Baichuang Media Technology Co., Ltd. from BlueFocus Communication Group Co. Ltd. (SZSE: 300058) and other shareholders on January 18, 2013.