Foshan Shunde District Shengchuangshen Expressway Environmental Industry M&A Investment Partnership (Limited Partnership) and Beijing Gancheng Technology Development Co., Ltd agreed to acquire 60% stake in Beijing Gancheng Technology Development Co., Ltd from Wiscom System Co., Ltd. (SZSE:002090) for CNY 34.2 million on January 29, 2021. Foshan Shunde District Shengchuangshen Expressway Environmental Industry M&A Investment Partnership (Limited Partnership) will acquire 50% stake and Beijing Gancheng Technology Development Co., Ltd will acquire 10% stake in Beijing Qianhua Technology Development Co., Ltd. After the transfer, Wiscom System Co., Ltd. will still hold 40% in Beijing Qianhua Technology Development Co., Ltd. For the year ended December 31, 2020, Beijing Qianhua Technology Development Co., Ltd reported revenues of CNY 25.7 million, operating loss of CNY 1.32 million, net loss of CNY 1.1 million, total assets of CNY 71.95 million and net assets of CNY 55.7 million. Transaction does not need the approvals of the Wiscom System Co., Ltd and shareholders. As of February 8, 2021, Foshan Shunde District Shengchuangshen Expressway Environmental Industry M&A Investment Partnership paid the first first equity transfer payment of CNY 14.25 million and Beijing Gancheng Technology Development Co., Ltd paid CNY 2.85 million to Wiscom System Co., Ltd.