Hubei Dinglong Co., Ltd. (SZSE:300054) signed a share transfer agreement to acquire 69.3% in Chengdu Times Live Science and Technology Co., Ltd. from TDG Holding Co., Ltd. (SHSE:600330), Li Changjun, Yi Xingwang and Xu Lei for CNY 56.3 million on January 16, 2018. As per terms, Li Changjun will sell 33.8%, Yi Xingwang will sell 6.86%, Xu Lei will sell 5.8%, and TDG Holding Co., Ltd. will sell 22.82%. This does not need the approvals of the Board of Directors and shareholders.