Beijing Junlian Shengyuan Equity Investment Partnership Enterprise (Limited Partnership), Beijing Jingguo Chuangyoushi Industrial Fund (Limited Partnership), Shenzhen Yuanzhi Xuaxin Emerging Industry Equity Investment Fund Partnership Enterprise (LP), Shenzhen Xinfuhui No. 8 Investment Partnership Enterprise (Limited Partnership), Shaanxi Lvjin Intelligent Technology Investment Fund Partnership Enterprise (Limited Partnership), Wenzhou Zhemin Touletai IoT Industrial Fund Partnership Enterprise (Limited Partnership) managed by Ningbo Meishan Bonded Port Area ZUIG Investment Management Co., Ltd., Ningbo Daxie Yungong Jiajie Equity Investment Partnership Enterprise (Limited Partnership), Jiangsu Modern Services Development Venture Capital Fund (Limited Partnership), Huangshan Hi-Tech Yida Xin’anjiang Specialized New Venture Capital Fund (Limited Partnership), Sumin Wuxi Intelligent Manufacturing Industrial Investment Development Partnership Enterprise (Limited Partnership), Gongqingcheng Chuanghao Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Xunchuang Investment Partnership Enterprise (Limited Partnership), Wan Liujun, Zhang Yancang and Kuang Bin agreed to acquire 85.3% in Tellhow Software Co.,Ltd. from Tellhow Sci-Tech Co., Ltd. (SHSE:600590) for CNY 63.8 million on December 18, 2020. Beijing Junlian Shengyuan Equity Investment Partnership Enterprise (Limited Partnership), Beijing Jingguo Chuangyoushi Industrial Fund (Limited Partnership), Shenzhen Yuanzhi Xuaxin Emerging Industry Equity Investment Fund Partnership Enterprise (LP), Shenzhen Xinfuhui No. 8 Investment Partnership Enterprise (Limited Partnership), Shaanxi Lvjin Intelligent Technology Investment Fund Partnership Enterprise (Limited Partnership), Wenzhou Zhemin Touletai IoT Industrial Fund Partnership Enterprise (Limited Partnership), Ningbo Daxie Yungong Jiajie Equity Investment Partnership Enterprise (Limited Partnership), Jiangsu Modern Services Development Venture Capital Fund (Limited Partnership), Huangshan Hi-Tech Yida Xin’anjiang Specialized New Venture Capital Fund (Limited Partnership), Sumin Wuxi Intelligent Manufacturing Industrial Investment Development Partnership Enterprise (Limited Partnership), Gongqingcheng Chuanghao Investment Partnership Enterprise (Limited Partnership), Gongqingcheng Xunchuang Investment Partnership Enterprise (Limited Partnership), Wan Liujun, Zhang Yancang and Kuang Bin will acquire 7.08%, 4.425%, 10.46%, 0.159%, 7.044%, 4.425%, 4.425%, 2.212%, 2.212%, 1.77%, 18.333%, 18.333%, 1.77%, 1.667% and 1% stakes representing a total of 75.63 million shares. As of August 31, 2020, Tellhow Software reported net assets of CNY 14.73 million and total assets of CNY 106.88 million. The transaction is subject to approval of shareholders of Tellhow Sci-Tech. The Board of Directors of Tellhow Sci-Tech approved the deal on December 18, 2020. On January 28, 2021, the transaction was approved by the shareholders of Tellhow Sci-Tech.