Anhui Xinli Finance Co., Ltd. (SHSE:600318) agreed to acquire additional 2.69% stake in Anhui Derun Financial Leasing Co., Ltd. from Anhui Xinli Technology Innovation Group Co., Ltd. for CNY 30 million on August 2, 2021. Anhui Xinli Finance Co., Ltd. will acquire 20 million shares of Anhui Derun Financial Leasing held by Xinli Group at a price of CNY 1.50 per share with a total price of CNY 30 million. For the year ended on March 31, 2021, Anhui Derun Financial Leasing reported total assets of CNY 2.7 billion and Net assets of CNY 1.3 billion. This transaction needs to be submitted to the local financial supervision and management department for approval. The transaction has been approved by BOD of Anhui Xinli Finance Co., Ltd. Recently, the company received a notice from Anhui Derun Financial Leasing and the Anhui Provincial Financial Supervision and Administration Bureau and on August 16, 2021, the "Letter on Issuing Anhui Derun Financial Leasing Co., Ltd. Equity Alteration Consultation Opinions" was issued, agreeing to the company's acquisition.