Zhuhai Jiashi Zhenye Venture Capital Fund Partnership intends to acquire 31.13% stake in Sichuan Haotel Communication Co., Ltd. from Wonders Information Co., Ltd (SZSE:300168) for CNY 33 million on May 28, 2019. Under the terms, the consideration will be paid in one ingle installment within 15 days since signing of the agreement. In related transaction, Zhuhai Jiashi Zhenye Venture Capital Fund Partnership agree to increase capital in Sichuan Haotel Communication. Post completion of both transaction, Wonders Information will hold 49% stake in Sichuan Haotel Communication. As of December 31, 2018, Sichuan Haotel Communication reported total assets of CNY 1.3 billion, total common equity of CNY 197.70 million, revenue of CNY 95.64 million and net loss of CNY 44.74 million. The transaction is subject to approval of Wonders Information's shareholders in the 4th extraordinary meeting to be held in 2019. The transaction was approved by the board of directors of Wonders Information on the 10th extraordinary meeting of the 6th directorate held on May 28, 2019. As on June 14, 2019, the transaction was approved by the shareholders of Wonders Information Co., Ltd at the fourth special shareholders meeting for 2019. After the completion of the transfer, Zhuhai Jiashi Zhenye Venture Capital Fund Partnership will use CNY 43 million to subscribe for CNY 27.13 million of new registered capital in Sichuan Haotel Communication. Zhuhai Jiashi Zhenye Venture Capital Fund Partnership cancelled the acquisition of 31.13% stake in Sichuan Haotel Communication Co., Ltd. from Wonders Information Co., Ltd (SZSE:300168) on December 27, 2019.