Aite Visual Innovation Digital Technology Wuxi Co., Ltd agreed to acquire 90.1% of shares of Nova Film Technology (Jiangsu) Co., Ltd from Strawbear Entertainment Group (SEHK:2125) for approximately RMB14 million on November 26, 2021. Subject to the terms and conditions of the Share Repurchase Agreement, the Consideration shall be payable by the Purchaser to Jiangsu Strawbear in cash in series of three equal amount of RMB4,731,735.16 will due on November 30, 2021, October 31, 2022 and October 31, 2023. Mi Chunlin, Li Liang, Chen Xiaoliang and Fan Lin acted as guarantors on behalf of buyer.