Digital Guangxi Group Co., Ltd agreed to acquire 48.84% stake in Guangxi Radio and TV Big Data Technology Co., Ltd. from Guangxi Radio and Television Information Network Corporation Limited (SHSE:600936) for CNY 100 million on December 4, 2019. Guangxi Radio and TV Big Data Technology Co., Ltd. had revenue of CNY 12.075 million, total assets of CNY 70.65 million, loss before interest and tax of CNY 0.512 million, net loss CNY 0.512 million and total common equity of CNY 49.48 million for the year ended December 2018. The deal is subject to the approval of Guangxi Radio and Television Information Network Corporation Limited's shareholders. The 8th meeting of the 5th Board of Directors of Guangxi Radio and Television Information Network Corporation Limited approved the deal. As if December 20, 2019, shareholders of Guangxi Radio and Television Information Network Corporation Limited has approved the transaction.