Hetai Enterprise Management (Shandong) Co., Ltd. signed an equity transfer agreement to acquire 54.55% stake in Dongying Keying Real Estate Co., Ltd. from Zhewen Interactive Group Co., Ltd. (SHSE:600986) for CNY 44.5 million on April 20, 2021. As per the terms of the transaction, Hetai Enterprise Management (Shandong) Co., Ltd. shall pay within 5 working days after this agreement takes effect, Hetai Enterprise Management (Shandong) Co., Ltd. shall pay 50% of the equity transfer price, which is CNY 22.25 million; Hetai Enterprise Management (Shandong) Co., Ltd. shall pay 50% of the equity transfer price, which is CNY 22.25 million, within 5 working days after the completion of the shareholder’s industrial and commercial change registration of this equity transfer. Post deal completion, Zhewen Interactive Group Co., Ltd. will no longer hold any stake in Dongying Keying Real Estate Co., Ltd. In December 31, 2020, Dongying Keying Real Estate Co., Ltd. reported a total assets of CNY 483 million, total revenues of CNY 6.7 million, negative net income of CNY 19.2 million and total common equity of CNY 56.8 million. The transaction has been approved by the Board of Directors of Zhewen Interactive Group Co., Ltd.