Geeya Technology Co., Ltd. (SZSE:300028) agreed to acquire 49% stake in Beijing Ronghan Culture and Media Co., Ltd. from Beijing Minghe Minghe Film and Television Culture and Media Co., Ltd. for CNY 50.5 million on March 25, 2016. Under the terms of the transaction, Geeya Technology Co., Ltd. for the 49% stake of Beijing Ronghan Culture and Media will transfer Beijing Minghe Minghe Culture and Media Co., Ltd.’s 34.99% stake and the offsetting of the CNY 19.5 million owed to Geeya Technology Co., Ltd. For the year ended December 31, 2015, Beijing Ronghan Culture and Media Co., Ltd. reported total revenues of CNY 9.47 million, total assets of CNY 3.60 million, operating profit of CNY 2.43 million, net income of CNY 2.42 million and net liabilities of CNY 0.53 million. As of March 25, 2016, Board of Geeya Technology Co., Ltd. approved the transaction.