According to CoinMeta, Tianyin Holdings announced that the company transferred 100% of the equity in its wholly-owned subsidiary, Tianyin Mobile Communications Co., Ltd., through the Shenzhen United Property Rights Exchange. The transferee is Shenzhen Glory Zhixin Network Communications Co., Ltd., and the transfer price was 130 million yuan. The transferee paid the amount in cash in one lump sum; the 39 million yuan deposit already paid was automatically converted into the transaction price, with the remaining 91 million yuan to be transferred into the designated settlement account within 5 working days after the contract took effect. Upon completion of this transaction, the company will no longer hold any equity in Tianyin Mobile, and Tianyin Mobile will no longer be included in the company's consolidated financial statements.