Qi Xiaoxia signed the share transfer agreement to acquire an additional 2% stake in Ronglian Group Ltd. from Wang Donghui for CNY 50.5 million.

Ronglian Group Ltd, formerly UEC Group Ltd, is an industry Cloud Computing and data platform solutions and service providers. The Company operates through three main segments. The Enterprises Services segment is engaged in the provision of comprehensive solutions for enterprises through integrated planning consultation, system integration, professional operation and maintenance and special services. This segment is also engaged in the intelligent city, enterprise cloud computing and other fields. The Internet of Things segment is engaged in the provision of data acquisition and access products to support the construction and operation of Internet of Vehicles, Internet of Water and others. The Bio-medical segment is involved in the research and development of biological could platform.