China Personal Information Protection Law (PIPL)
Chapter II Section 1: General processing rules (Articles 13 to 27) – China Personal Information Protection Law (PIPL)

China Personal Information Protection Law (PIPL) 22: Art. 22 Transfers on merger, division, dissolution or bankruptcy: inform individuals, recipient bound, new purpose needs consent

A processor that must transfer personal information because of a merger, division, dissolution, bankruptcy or similar reason informs the individuals of the recipient's name and contact information; the recipient continues to perform the processor's obligations and any change of the original purposes or means by the recipient needs the individual's consent under the Law.

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