Shanghai Shanxin Digital Technology Co., Ltd., Shanghai Shanxin Network Technology Center (Limited Partnership) and Chen Yi agreed to acquire 50% stake in Fuzhou Guotong Century Network Engineering Co., Ltd. from Newland Digital Technology Co.,Ltd..

Shanghai Shanxin Digital Technology Co., Ltd., Shanghai Shanxin Network Technology Center (Limited Partnership) and Chen Yi agreed to acquire 50% stake in Fuzhou Guotong Century Network Engineering Co., Ltd. from Newland Digital Technology Co.,Ltd. (SZSE:000997) on September 28, 2023. As of June 30, 2023, Fuzhou Guotong Century Network Engineering Co., Ltd. reported total assets of CNY 14.7 million and net assets of CNY 14.6 million. The deal has been approved by board of directors of Newland Digital Technology Co., Ltd.