On June 27, 2024, Newborntown announced that it had signed a share purchase agreement with BGFG, JJQJ, and JZZT to acquire a total of 77,832,740 shares of NBT Social Networking at a total price of approximately HK$1,982,657,556. This transaction will make NBT Social Networking a wholly-owned subsidiary of Newborntown and fully incorporate its financial performance into the group's consolidated financial statements. After the completion of the transaction, Newborntown will issue approximately 219,748,391 shares as consideration shares and pay HK$993,789,796 in cash consideration. In addition, the share purchase agreement also requires independent shareholder approval and a special general meeting of shareholders will be held to make related resolutions. Completion of the transaction is still subject to certain conditions being met or exempted.

On June 27, 2024, Newborntown announced that it had signed a share purchase agreement with BGFG, JJQJ, and JZZT to acquire a total of 77,832,740 shares of NBT Social Networking at a total price of approximately HK$1,982,657,556. This transaction will make NBT Social Networking a wholly-owned subsidiary of Newborntown and fully incorporate its financial performance into the group's consolidated financial statements. After the completion of the transaction, Newborntown will issue approximately 219,748,391 shares as consideration shares and pay HK$993,789,796 in cash consideration. In addition, the share purchase agreement also requires independent shareholder approval and a special general meeting of shareholders will be held to make related resolutions. Completion of the transaction is still subject to certain conditions being met or exempted.