At noon on May 13th, Zhejiang Dongjing Electronics Co., Ltd. (hereinafter referred to as Dongjing Electronics) (2199) issued a notice of "suspension of trading for planning major asset restructuring", saying that it was planning to acquire 1% equity of Hero Mutual Entertainment Technology Co., Ltd. (hereinafter referred to as Hero Mutual Entertainment) (43127) by issuing shares. As mentioned in the announcement, the transaction is under negotiation, which may lead to the change of the company's actual controller after completion. This means that after the backdoor listing of Shenzhen Hemei Group Co., Ltd. (hereinafter referred to as Hemei Group) (2356) failed, Hero Entertainment once again launched another backdoor listing plan.

Hero Entertainment was established in June 215. It is a mobile game content provider, and its business mainly includes the research and development and operation of mobile e-sports games. It has more than ten mobile e-sports mobile games, such as FPS competitive mobile game "Gunfight for All" series, music and dance mobile game "Let's Dance", TPS naval competitive mobile game "Peak Battleship" and racing mobile game "Let's Ride". In September 217, it announced the completion of the Pre-IPO round of financing, totaling 1.7 billion yuan, led by China's state-owned capital venture capital fund, followed by Shaanxi Wentou and Gefei Assets. On February 9, 218, it announced that it had signed an agreement with Guotai Junan Securities Co., Ltd. on listing services in the A-share market.

In February of this year, Hero Entertainment has tried a backdoor plan. On February 18th, Hemei Group announced the temporary suspension of trading, and then announced at noon that it was planning to purchase all or part of the equity of Hero Entertainment held by Tianjin Dino Investment Management Co., Ltd. (hereinafter referred to as Dino Investment), Tianjin Dino Brothers Asset Management Partnership (Limited Partnership) and other parties by issuing shares, and this matter may involve the change of the controlling shareholder and actual controller of the company.

However, in April, Hemei Group announced that Dino Investment decided to unilaterally terminate the Share Transfer Agreement because the core trading conditions in the Share Transfer Agreement signed on March 1, 219 could not be met and an agreement was reached, and the absorption and merger agreement between Shenzhen Hemei Group Co., Ltd. and Hero Mutual Entertainment Technology Co., Ltd. signed by the company and Hero Mutual Entertainment on March 1, 219 was also automatically terminated. This means that the backdoor listing of heroes' mutual entertainment failed.

Later, Hero Entertainment and Hemei Group explained the reasons for the abortion of this transaction respectively. The two parties disclosed in subsequent announcements that the Equity Transfer Agreement signed this time stipulated that Hanqiao Machinery, the controlling shareholder of Hemei Group, was included in the list of those who were executed for breach of trust, and the latter had to pay a debt repayment deposit of 2 million yuan to Dino, the shareholder of Hero Entertainment. However, due to the failure to pay the money in time, Dino Investment unilaterally terminated the transaction.

dongjing electronics has had a poor business in the past two years. From 213 to 218, the non-net profit deducted by Dongjing Electronics has been negative for six consecutive years, namely-55,877,4 yuan,-162,128,5 yuan,-296,333,2 yuan,-131,169,4 yuan,-12,56,4 yuan and-8,218,7 yuan respectively. In the first quarter of this year, the company did not show a good trend. From January to March this year, the revenue of Dongjing Electronics was 44.48 million yuan, down 8.3% year-on-year, and the non-net profit was-6.58 million yuan, which was negative again.

This time, with the backdoor of Dongjing Electronics again, Heroes Entertainment produced a Cooperation Agreement again. According to the agreement, Blue Ocean Investment Control, the controlling shareholder of Dongjing Electronics, needs to pay a deposit of 1 million yuan to Dongdinuo Investment, the holding company of Hero Mutual Entertainment. The cooperation between the two parties can only continue on the premise that the deposit is delivered.

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