Beijing Hualian Hypermarket Co., Ltd. (SHSE:600361) intends to acquire Shandong Innovation Metal Technology Co., Ltd., from Chuangxin Group, Chuangxin Metal Financial Investors, Cui Lixin, Yang Aimei, Geng Hongyu, Wang Wei and other shareholders for CNY 12.2 billion on September 16, 2021. Beijing Hualian Hypermarket Co., Ltd. agreed to acquire Shandong Innovation Metal Technology Co., Ltd. from a group of investors for CNY 11.5 billion on January 26, 2022. After the completion of this transaction, the listed company will hold 100% equity of Shandong Innovation Metal Technology Co., Ltd. As of June 30, 2021, Shandong Innovation Metal Technology Co., Ltd., had total assets of CNY 17.4 billion and net assets of CNY 3.9 billion. The transaction is subject to approval from Beijing Hualian Hypermarket Co., Ltd.'s shareholders Anti-Monopoly Bureau of the State Administration, China Securities Regulatory Commission and approval of a formal plan. The transaction plan has been reviewed and approved at the 41st meeting of the seventh board of directors of Beijing Hualian Hypermarket Co., Ltd. The transaction plan has also been reviewed and approved by the shareholders meeting of Chuangxin Metal Financial Investors. As January 26, 2022, The consideration will be satisfied by issue of approximately 3.3 billion shares at CNY 3.44 per share. As of february 16,2022 Beijing Hualian Hypermarket Co., Ltd. (SHSE:600361) shareholders approved the deal. The transaction has been approved by 45th session Beijing Hualian Hypermarket 7th directorate. Huatai United Securities Co., Ltd. acted as financial advisor and King & Wood acted as legal advisor to Beijing Hualian Hypermarket. As of September 15, 2022, Acquisition and Reorganization Examination Committee of Listed Companies of the China Securities Regulatory Commission approved the transaction.

Beijing Hualian Hypermarket Co., Ltd. (SHSE:600361) completed the acquisition of Shandong Innovation Metal Technology Co., Ltd., from Chuangxin Group, Chuangxin Metal Financial Investors, Cui Lixin, Yang Aimei, Geng Hongyu, Wang Wei and other shareholders on November 8, 2022.