China CIFCO Investment Co., Ltd (SZSE:000996) entered into a framework agreement to acquire remaining 74.65% stake in China International Futures Co., Ltd. from CIFCO Group Co., Ltd., CIFCO Information Technology Services Co., Ltd., Beijing CIFCO Mobile Media Co., Ltd., CIFCO Caiyidong Internet Co., Ltd., Nantong Zongyi Investment Co., Ltd., Shenzhen Weishideng Investment Holding Co., Ltd., and Sichuan Longbao Trading Co., Ltd. for CNY 3.1 billion on June 30, 2023. As on August 18, 2023, the merger and acquisition agreement was signed. China International Futures reported total assets of CNY 7.8 billion and total owner's equity of CNY 1.6 billion as on June 30, 2023. Completion is subject to approval by shareholders of China CIFCO Investment, Shenzhen Stock Exchange and the China Securities Regulatory Commission. China CIFCO Investment's Directorate has approved the transaction. The transaction has been approved by shareholders of sellers and Board of Directors of China International Futures. Wang Hongbing, Wang Jingcheng, Sui Hao, Luo Lin, Yue Sige of China Galaxy Securities Co., Ltd. acted as financial advisor, Jiang Yifeng, Zhao Xiaohong, Zhang Yunjie of King & Wood Mallesons Hengqin acted as legal advisor and Guo Hailan, Zhang Yi, Wang Qian of Wuyige Certified Public Accountants LLP acted as accountant for China CIFCO Investment.

China CIFCO Investment Co., Ltd (SZSE:000996) cancelled the acquisition of remaining 74.65% stake in China International Futures Co., Ltd. from CIFCO Group Co., Ltd., CIFCO Information Technology Services Co., Ltd., Beijing CIFCO Mobile Media Co., Ltd., CIFCO Caiyidong Internet Co., Ltd., Nantong Zongyi Investment Co., Ltd., Shenzhen Weishideng Investment Holding Co., Ltd., and Sichuan Longbao Trading Co., Ltd. on January 16, 2024.