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On October 25, China Bester Group Telecom Co.,Ltd. signed an equity transfer agreement with Cloud Engine (Beijing) Network Technology Co., Ltd. and Youyun Yihe Technology Co., Ltd. in Beijing. China Bester Group Telecom Co.,Ltd. acquired 100% of the shares of Tianjin Post and Telecommunications Design Institute Co., Ltd. The representatives of both parties signed the equity transfer agreement and officially transferred the management rights.

Tianjin P&T Design Institute Co. Ltd. was founded in 1980, formerly known as Tianjin P&T Design Institute. The company holds Class A Certificates of Engineering Consulting Qualification,Telecom Engineering Survey and Design, Telecom Information Network System Integration Enterprise. In 1999, the company passed the ISO9001 certification.It has long focused in the field of telecom infrastructure including professional field of overall network planning, project feasibility study and survey design such as telecom exchange system,transmission network,lines and pipelines,mobiles network,data network, intelligent network,supporting network, access network,power supply,intelligent building and so on.It is a member of design work department of telecom design and construction committee of China Telecom Enterprise Association. It has rich experience in feasibility study, planning and design of large-scale projects, capable of independently undertaking overall planning scheme, feasibility study, technical consultation, preliminary design, construction drawing design and first-stage survey and design of large and medium-sized projects. It is the most competitive core design team in Tianjin.

The acquisition of Tianjin Post and Telecommunications Design Institute by China Bester has improved the company's design qualifications and overall service capabilities by integrating design resources and complementing resources. After the completion of this acquisition, it will give full play to the management, brand and financing advantages of the listed company's platform to form the company's integrated service capabilities for design, construction and maintenance, and lay a solid foundation for international general contracting projects.