On February 24, 2021, Wuhu 37 Interactive Entertainment Network Technology Group Co.,Ltd. (SZSE:002555) closed the transaction. The company has completed the registration, custody and lock-up of new shares. The company issued 154,699,315.8084264 A shares at a price of CNY 27.77 per share for gross proceeds of not more then CNY 4,296,000,000 in the transaction.

The transaction included participation from no more than 35 qualified investors including Besttone Holding Co.,Ltd (SHSE:600640) for 5,041,411 A shares for CNY 139,999,983.47. . The transaction was approved by board of directors in eighth meeting of the tenth board of directors of the company.

The company singed purchase agreement with the investor. The issuance price shall not be less than 80% of the average trading price of the company A shares on the 20 trading days. Besttone Holding Co.,Ltd (SHSE:600640) will hold 0.227% stake in the company post completion of the transaction.