Li Xiaoxia signed an equity transfer agreement to acquire Shanghai Yunpeng Network Technology Co., Ltd. from Guangdong Jadiete Holdings Group Company Limited (SZSE:200168) and Yu Liqun for CNY 1.4 million on November 30, 2020. Consideration will be paid in cash. Guangdong Jadiete Holdings Group Company Limited owns 60% stake whereas Yu Liqun owns 40% stake in Shanghai Yunpeng Network . Li Xiaoxia shall pay CNY 0.6 million within three days from date of signing of agreement and remaining balance will be paid within three days from date when all parties jointly register the equity transfer with the market supervision and management department. Yu Liqun will transfer its stake for CNY 0. Consideration will be financed through owns funds. As of November 30, 2020, Shanghai Yunpeng Network Technology Co had total assets and net assets of CNY 1.36 million each and for year ended December 31, 2019, Shanghai Yunpeng Network Technology had operating revenue and net loss as CNY 4.9 million and CNY 0.73 million. The transaction was reviewed and approved at the 37th meeting of the seventh board of directors of the Guangdong Jadiete Holdings Group