On March 15, Ge Longhui Digital Innovation (301313.SZ) announced that the company holds 70% of the shares of the holding subsidiary Wuhan Fantuo Digital Creative Technology Co., Ltd. (“Wuhan Fantuo” or “target company” for short). In order to further strengthen control over Wuhan, improve the efficiency of the company's overall management decisions, further integrate the company's internal resources, and achieve the company's overall business goals, the company held the second meeting of the 4th board of directors on March 15, 2024 to review and pass the “Proposal on Acquiring 30% of Minority Shareholders' Shares in Holding Subsidiaries”. Han Yongyong, a minority shareholder of Tuo, signed an equity transfer agreement to acquire 30% of his Wuhan Fantuo shares with his own capital of 1.2 million yuan. After the share acquisition is completed, Wuhan Fantuo will become a wholly-owned subsidiary of the company.