On 19 December 2011, Capinfo Company (HKG:1075) and Beijing BeiAo Group Corporation Limited entered into an equity transfer agreement, whereby Beijing BeiAo has conditionally agreed to acquire Capinfo's 25% interest in Beijing Culture & Sports Technology Co., Ltd (BJCS) for an initial consideration of RMB11.78 million.

Moreover, Capinfo and Beijing BeiAo also entered into another equity transfer agreement, pursuant to which Beijing BeiAo has conditionally agreed to acquire Beijing Shui Niao Ticket Services Company Limited (SN) for RMB237,943.

Beijing BeiAo is a wholly-owned subsidiary of Beijing State-owned Assets Management Corporation Limited, the controlling shareholder of Capinfo.