China Academy of Telecommunication Technology agreed to acquire 25.2305% stake in Datang Gaohogh Zhilian Technology (Chongqing) Co., Ltd. from Gohigh Networks Co., Ltd. (SZSE:000851) for CNY 420 million on May 29, 2022. Post completion, China Academy of Telecommunication Technology's stake in the Datang Gaohogh Zhilian Technology (Chongqing) Co., Ltd will increase from 3.8942% to 35.4104% and Gohigh Networks Co., Ltd stakes will decrease to 9.2%. As of June 22, 2022, the transaction is approved by board of directors of Gohigh Networks Co., Ltd. Datang Gaohogh Zhilian Technology (Chongqing) Co., Ltd reported total assets of CNY 0.115807 million and net assets of CNY 11,439,292 million on March 31, 2022.