Xiamen ITG Holding Group Co., Ltd. agreed to acquire 100% stake in ITG Real Estate Group Co.,Ltd. and 51% stake in Xiamen International Trade Development Co., Ltd. from Xiamen ITG Group Corp., Ltd. (SHSE:600755) and Xiamen Qirun Industry Co., Ltd. for CNY 1 billion on June 11, 2021. Under the terms of the transaction, Xiamen ITG Holding Group Co., Ltd. will pay CNY 982.8 million to acquire 100% stake in ITG Real Estate Group Co.,Ltd. from Xiamen ITG Group Corp., Ltd. and Xiamen Qirun Industry Co., Ltd. and CNY 52 million for 51% stake in Xiamen International Trade Development Co., Ltd. from Xiamen ITG Group Corp., Ltd. The transaction is still needs to be approved by the State-owned Assets Supervision and Administration Commission of Xiamen Municipal People's Government and shareholders approval of Xiamen ITG Group Corp., Ltd. The transaction was approved by the Board of Directors of Xiamen ITG Group Corp., Ltd. The transaction was approved by the Xiamen State-owned Assets Supervision and Administration Commission on June 23, 2021. On June 28, 2021, shareholder of Xiamen ITG Group Corp., Ltd has approved the transaction. Xiamen ITG Holding Group Co., Ltd. completed the acquisition of 100% stake in ITG Real Estate Group Co.,Ltd. and 51% stake in Xiamen International Trade Development Co., Ltd. from Xiamen ITG Group Corp., Ltd. (SHSE:600755) and Xiamen Qirun Industry Co., Ltd. on July 20, 2021.