CETC Digital Technology Co.,Ltd. (SHSE : 600850) agreed to acquire Shanghai Prophet Electronic Technology Corp., Ltd. from 32nd Research Institute of China Electronics Technology Group Corporation, Glarun Group Co., Ltd., CETC Digital Technology (Group) Co., Ltd., Hefei Zhongdiake Guoyuan Industrial Investment Fund Partnership Enterprise (Limited Partnership) and others for RMB 3.1 billion on March 19, 2021. In a related transaction, Shanghai East-China Computer Co.,Ltd. agreed to acquire 99.76% stake in Xiamen Yaxon Network Co., Ltd. from 82 shareholders. As of June 8, 2021, the terms were revised. As per revised term, the issuance price is CNY 23.96 per share.

Shanghai Prophet Electronic Technology Corp., Ltd. reported total assets of CNY 957.2 million, total common equity of CNY 665.7 million, total revenues of CNY 432.3 million and net income of CNY 127.8 million. The transaction must be approved by Shanghai East-China Computer Co.,Ltd.'s shareholders' meeting and China Securities Regulatory Commission. The transaction was approved by the Shanghai East-China Computer Co.,Ltd.'s 9th Directorate. On June 8, 2021, Shanghai East-China Computer Co.,Ltd. approved the proposal related to the revised draft of this transaction in 24th meeting of the 9th Board of Directors. As of November 11, 2021 CETC Digital Technology Co.,Ltd supervisors approved the deal. As of January 28, 2022, The transaction has been approved by shareholders of CETC Digital Technology. As on May 13, 2022, the transaction has been unconditionally approved by the M&A and Restructuring Review Committee of Listed Companies of China Securities Regulatory Commission. Huatai United Securities acted as financial advisor, Grandall Law Firm Shanghai acted as legal advisor and Moore Stephens Da Hua Certified Public Accountants acted as accountant for CETC Digital Technology Co.