 BEIJING, March 10, 2021 PRNewswire -- Cloopen Group Holding Limited Cloopen or the Company NYSE: RAAS, a leading multi-capability cloud-based communications solution provider in China, today announced that it has entered into a definitive agreement to acquire all the equity interests of EliteCRM, a leading customer relationship management software provider. In connection with the acquisition, the Company agreed to offer equity awards in the form of restricted shares in the aggregate of less than 1 of its outstanding share capital on a fully-diluted basis to certain management members of EliteCRM. 