Zhejiang Yitong Digital TV Investment Co., Ltd. entered into agreement to acquire 3.5% stake in Knights Union (Beijing) Information Service Co., Ltd. from Zhejiang Talent Television and Film Co., Ltd. (SZSE:300426) for CNY 73.2 million on June 4, 2021. In related transactions, Zhejiang Yitong Digital TV Investment Co., Ltd. agreed to acquire 3.5% stake in Shanghai Jinpu Wenchuang Equity Investment Fund Partnership Enterprise (Limited Partnership), 3.2% stake in Zuimei Silu (Beijing) International Commerce and Trade Co., Ltd. and 30% stake in Zhejiang Dingshi Xingchuang Technology Co., Ltd. from Zhejiang Talent Television and Film Co., Ltd. (SZSE:300426). Knights Union reported total assets of CNY 604.4 million, total liabilities of CNY 14.7 million and owner's equity of CNY 589.7 million as on December 31, 2020 and revenue of CNY 11.7 million, operating profit of CNY 2.63 million and net profit of CNY 2.57 million in 2020. Knights Union reported total assets of CNY 608.3 million, total liabilities of CNY 20 million and owner's equity of CNY 588.2 million as on March 31, 2021. The transaction is subject to be approved by Zhejiang Talent's shareholders. On June 4, 2021, the 10th session of the Zhejiang Talent's 4th Directorate and the 10th session of Zhejiang Talent's 4th Supervisory Board approved the transaction. The transaction was also approved by Zhejiang Radio & TV Group.