New Huadu Industrial Group Co., Ltd. agreed to acquire Equity In 11 Companies from New Hua Du Supercenter Co.,Ltd. (SZSE:002264) for CNY 390 million on January 25, 2022. The deal is subject to New Hua Du Supercenter Co.,Ltd. (SZSE:002264) approval of board and shareholders and New Huadu Industrial Group Co., Ltd. shareholders. As of January 25, 2022 New Huadu Industrial Group Co., Ltd. shareholders approved the deal.

As of February 11, 2022 New Hua Du Supercenter Co.,Ltd. (SZSE:002264) board approved the deal. Essence Securities Co., Ltd. acted as financial advisor to New Hua Du Supercenter Co.,Ltd. (SZSE:002264). Grandall Law Firm acted as legal advisor to New Hua Du Supercenter Co.,Ltd. (SZSE:002264).

Pan-China Certified Public Accountants LLP acted as accountant to New Hua Du Supercenter Co.,Ltd. (SZSE:002264).