Wanda Information recently announced that it is intended to trade 43.24million shares to its counterparty at 22.99 yuan per share to acquire 99.4% stake of Shanghai Jiada Information Technology Co., Ltd. . The predicted value is 994 million yuan. Wanda Information previously held 0.6% stake of Jada Technology. Meanwhile, the company intends to raise matching funds not more than 994 million yuan with 22.99 yuan per share.

Now the main asset of Jada Technology is to invest in long-term equity in related companies of Internet + medical and health services. Meanwhile, Jada Technology intends to use the funds raised from the existing shareholders and the following matching funds to carry out the construction of "Health cloud" and "Medical cloud" project, to further consolidate and develop its advantage and position in the "Internet +" and health care field.

Wanda Information announced that this acquisition will help the company to build an one-step 
medical treatment, medicine, health care and health service platform that has a strong user viscosity through the way of cloud service. Through the accumulation and analysis of health data, it will help further expand the company's business market space and business model to achieve sustained and rapid increase of the company’s performance.