Jinan Gome Electrical Appliance Company Limited agreed to acquire Jinan Jilian Jingmei Economic and Trade Co., Ltd. from Gome Telecom Equipment Co., Ltd. (SHSE:600898) for CNY 650 million on November 2, 2020. As of December 31, 2019, Jinan Jilian Jingmei Economic and Trade Co., Ltd. recorded total assets of CNY 6 million, total liabilities of CNY 3.25 million, total common equity of CNY 2.79 million, operating profit of CNY 0.14 million, total loss of CNY 0.001 million and net loss of CNY 0.003 million. As of September 9, 2020, Jinan Jilian Jingmei Economic and Trade Co., Ltd. recorded total assets of CNY 222.35 million, total liabilities of CNY 4.59 million, operating income of CNY 1.05 million, operating profit CNY 0.88 million, total profit of CNY 0.88 million, net profit of CNY 0.66 million. The transaction has been approved by board of directors and supervisors of Gome Telecom Equipment Co., Ltd. The transaction is subjected to approval from shareholders of Gome Telecom Equipment Co., Ltd. and other possible approvals. The transaction has been approved at the fourth extraordinary general meeting of shareholders on December 21, 2020.