Jusfoun Big Data Information Group Co., Ltd. entered into a share transfer agreement to acquire 18% stake in Greatwalle Inc. (SEHK:8315) from Greatwalle Holding Limited for HKD 89.5 million on April 28, 2019. Jusfoun Big Data Information Group Co., Ltd. will acquire 224 million shares of Greatwalle Inc. Jusfoun Big Data Information Group Co., Ltd. shall settle the full amount of the share transfer price to Greatwalle Holding on or before July 31, 2019. As of August 1, 2019, as per the supplemental agreement signed, parties agreed to extend the payment settlement period to no later than December 31, 2019 while all other terms remain unchanged. Post completion, Greatwalle Holding shall hold 468 million shares of Greatwalle Inc, representing approximately 37.62% of the issued share capital of Greatwalle Inc and Jusfoun Big Data Information Group Co., Ltd. will hold 18% stake in Greatwalle Inc. Jusfoun Big Data Information Group Co., Ltd. cancelled share transfer agreement to acquire 18% stake in Greatwalle Inc. (SEHK:8315) from Greatwalle Holding Limited on January 1, 2020. On December 31, 2019, Greatwalle informed the Board that it still has not received the consideration that is receivable from B&R Big Data Industry Development Co., Limited under the Original Share Transfer Agreement. As the payment deadline under the Supplemental Agreement was December 31, 2019, and also as Greatwalle and the Jusfoun Big Data Information Group Co., Ltd. did not enter into an agreement to further extend the payment settlement period, Greatwalle considered that the share transfer agreement has expired and the share transfer will not proceed.