Qi An Xin Technology Group Inc. (SHSE:688561) signed an equity transfer agreement to acquire the remaining 8.7% stake in Shenzhen Yun'anbao Technology Co., Ltd from Surfilter Network Technology Co., Ltd. (SZSE:300311) for CNY 20 million on September 8, 2020. Upon completion of the transaction, Qi An Xin Technology will hold 100% stake in Shenzhen Yun'anbao and Surfilter will no longer hold any shares. Shenzhen Yun'an reported total assets of CNY 55.9 million, net assets of CNY 41.1 million, revenues of CNY 32.5 million, operating profit of CNY 1.7 million and net profit of CNY 1.7 million in the year ending on December 31, 2019.

The deal was approved by the Board of Directors of Surfilter on September 7, 2020.