Beijing Duolaidian Information Technology Co. Ltd signed a purchase agreement and announced that it will receive not more than CNY 250,000,000 on August 4, 2023. The transaction will include participation from new investor Bright Oceans Inter-Telecom Corporation for not more than CNY 250,000,000.

The company will raise money through capital increase method. The company will issue common shares in the transaction. This has been approved in the second meeting of the ninth board of directors, and reviewed and approved the Transaction.

Bright Oceans Inter-Telecom Corporation plans to pay the company CNY 20,000,000 as a guarantee earnest money to promote the due diligence, negotiation and other work of this transaction. The exclusive period of this transaction stipulated in the "Investment Framework Agreement" is 6 months from the effective date of the "Investment Framework Agreement".