Shanghai Chanzong Information Technology Co., Ltd agreed to acquire 4.4% stake in Spearhead Integrated Marketing Communication Group (SZSE:300071) from Liu Wei for CNY 86.4 million on May 22, 2019. Shanghai Chanzong Information Technology Co., Ltd won the bid with highest bid price. Shanghai Chanzong Information Technology Co., Ltd cancelled the acquisition of 4.4% stake in Spearhead Integrated Marketing Communication Group (SZSE:300071) from Liu Wei on May 22, 2020.