Ningbo Qiankun Enterprise Management Partnership (Limited Partnership) agreed to acquire a 22% stake in Beijing Xintang Puhua Technology Co., Ltd. from HCR Co., Ltd (SHSE:688500) for CNY 20 million on December 23, 2022. Post acquisition, HCR Co. will hold 48% stake in Beijing Xintang Puhua Technology. For the period October 31, 2022, Beijing Xintang had CNY 58.08 million of total assets and CNY 13.40 million of net assets.

Ningbo Qiankun Enterprise Management Partnership (Limited Partnership) cancelled the acquisition of 22% stake in Beijing Xintang Puhua Technology Co., Ltd. from HCR Co., Ltd (SHSE:688500) on January 16, 2023.