Shanghai Shilian Technology Co., Ltd agreed to acquire Shanghai Gosun Digital Systems Co., Ltd. of Gosun Holding Co., Ltd. (SZSE:000971) for approximately CNY 130 million on July 22, 2021. Consideration will be in cash. Consideration of CNY 65 million will be paid within 10 working days after the agreement becomes effective and balance of CNY 65 million of payment will be made within 10 working days after this agreement comes into effect and after the prerequisites for the final payment are met. As of August 11, 2021, the company has received the initial payment of 65 million yuan, the company has recently completed the first on-site document handover of this transaction with Shanghai Shilian and as agreed, the company has fulfilled the first delivery work and obligations after the first delivery. As on June 30, 2021, Shanghai Gosun reported total assets of CNY 151.6892 million, net assets of CNY 112.1941 million, revenue of CNY 22.288 million and net profit of CNY 3.9125 million. Transaction is approved by the Board of Gosun Holding Co., Ltd. Shanghai Shilian Technology Co., Ltd completed the acquisition of Shanghai Gosun Digital Systems Co., Ltd. of Gosun Holding Co., Ltd. (SZSE:000971) on November 24, 2021.