Gongqingcheng Surui Investment Co., Ltd. agreed to acquire 11.79% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Gongqingcheng Borui Investment Partnership Enterprise (Limited Partnership) on March 24, 2023. On March 25, 2023, Gongqingcheng Surui Investment Co., Ltd. signed the share transfer agreement to acquire 11.79% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Gongqingcheng Borui Investment Partnership Enterprise (Limited Partnership) for approximately CNY 370 million. The offer per share is CNY 4.935 for 74,628,057 shares.

Gongqingcheng Surui Investment Co shareholders approved the acquisition.