Baijiayun Group Ltd (NasdaqCM:RTC) entered into a share purchase agreement to acquire the remaining 49% of Beijing Deran Technology Co., Ltd from certain shareholders for CNY 10.6 million on March 4, 2023. As reported, Baijiayun Group will acquire the remaining 49% stake in Beijing Deran Technology Co. by issuing a certain number of Class A ordinary shares with a monetary value equal to CNY 6.3 million to such shareholders as part of the consideration, in addition to a cash consideration of CNY 3.5 million.

Baijiayun Group Ltd (NasdaqCM:RTC) completed the acquisition of the remaining 49% of Beijing Deran Technology Co., Ltd from certain shareholders on June 15, 2023. 127,791 Class A ordinary shares of Baijiayun Group were issued as consideration along with a cash consideration of CNY 3.5 million. Upon closing of the acquisition of the 49% equity interest, Baijiayun Group became the sole shareholder of Beijing Deran.