Hongan Investment (Shenzhen) Partnership (Limited Partnership) entered into an agreement to acquire a 25% stake in Fujian Xingmin Zhilian Technology Co., Ltd. from YLZ Information Technology Co., Ltd (SZSE:300096) on December 28, 2021. Under the terms within 10 working days from the agreement effective date, Hongan Investment (Shenzhen) Partnership (Limited Partnership) will pay 50% of the consideration amount and within 10 working days after the completion of the transfer, Hongan Investment (Shenzhen) Partnership (Limited Partnership)will pay 50% of the consideration amount. Post acquisition, YLZ Information Technology Co., Ltd will hold 0% stake and Hong'an Investment (Shenzhen) Partnership Enterprise (Limited Partnership) will hold 40% stake in Fujian Xingmin Zhilian.

Fujian Xingmin Zhilian Technology Co., Ltd. has reported total assets of CNY 2.14 million, net assets of CNY 0.69 million. Transaction has been approved in the 11th Meeting of the YLZ Information Technology's 5th Directorate, and does not need the Shareholders' Approval.