Hubei Century Network Technology Inc. (SZSE:300494) signed share purchase agreement to acquire remaining 30% stake in Shanghai Tciplay Interactive Entertainment Network Technology Co., Ltd. from Shanghai Tianzhisheng Enterprise Management Partnership Enterprise (Limited Partnership) and Wu Xiaoyu for CNY 360 million on January 6, 2021. In the acquisition, Hubei Century Network Technology Inc. will acquire 16.5% from Shanghai Tianzhisheng Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 3.4 million and 13.49% stake from Wu Xiaoyu for CNY 2.81. After the acquisition, Hubei Century Network Technology Inc. will own 100% stake in Shanghai Tciplay Interactive Entertainment Network Technology Co., Ltd. As at October 30, 2020, Shanghai Tciplay Interactive Entertainment Network Technology Co., Ltd. recorded total assets of CNY 277.4 million and net assets of CNY 142.5 million. The transaction is subject to approval from shareholders of Hubei Century Network Technology Inc. On January 6, 2021, Hubei Century Network Technology Inc. held the 28th Meeting of the 3rd Directorate and approved the deal.