Dalian Dafu Enterprises Holdings Co., Ltd. (SHSE:600747) entered into an agreement to acquire Shanghai Lihao Metal Materials Co., Ltd. from Shenzhen Xinsuniao Technology Co., Ltd. for approximately CNY 530 million on April 9, 2018. For the year ended December 31, 2017, Shanghai Lihao Metal Materials Co., Ltd. reported total assets of CNY 275.7 million, net assets of CNY 65.1 million, revenue of CNY 471.2 million and net profit of CNY 32.4 million. The transaction is subject to approval from the 1st extraordinary general shareholders’ meeting of 2018 of Dalian Dafu Enterprises Holdings Co., Ltd. On April 9, 2018, the transaction was approved by the 8th directorate in its 23rd meeting of Dalian Dafu Enterprises Holdings Co., Ltd. On April 20, 2018, the shareholders of Dalian Dafu Enterprises Holdings Co., Ltd. approved the transaction in the 1st special shareholders’ meeting for 2018.