Jihong Shares Announces Announcement on the Acquisition of Partial Equity of Shenzhen Zhongxiang Internet Technology Co., Ltd. by a Fully-owned Subsidiary

According to the Shenzhen Stock Exchange, Jihong shares issued an announcement on the transfer of a wholly-owned subsidiary of Shenzhen Zhongxiang Internet Technology Co., Ltd. to some shares. The announcement pointed out that Shenzhen Jichain Technology Co., Ltd., a wholly-owned subsidiary of Xiamen Jihong Technology Co., Ltd., signed a "Equity Transfer Agreement" with Beijing Zhongxiangbit Technology Co., Ltd. on January 16, 2020, stipulating that Shenzhen Jichain Technology Co. The price of RMB 6.5 million was transferred to Zhongxiang Bit holding a 6.19% stake in Shenzhen Zhongxiang Internet Technology Co., Ltd. It is reported that this transaction is an important measure for the company to actively deploy the "industrial + blockchain" strategic development plan and implement the company's application of cutting-edge emerging technologies to existing businesses.