Huatai Securities Co., Ltd. (SHSE:601688) entered into an agreement to acquire remaining 40% stake in Huatai Futures Co., Ltd. from Deluxe Family Co., Ltd. (SHSE:600503) for CNY 1.59 billion on May 26, 2022. The transaction has been approved by Board of Directors of Deluxe Family Co., Ltd. and is subject to approval of shareholders of Deluxe Family Co., Ltd. As of July 4, 2022, shareholders of Deluxe Family Co., Ltd. has approved the transaction. Zhang Juan, Wang Wei and Shen Meng of Grandall Law Firm acted as legal advisor to Huatai Securities Co., Ltd. Yongxing Securities Co., Ltd. acted as financial advisor to Deluxe Family Co., Ltd.