Orient International Enterprise, Ltd. (SHSE:600278) intends to acquire Shanghai Kangjian Import And Export Co. Ltd. from Shangtex Holding Co.,Ltd for approximately CNY 230 million on December 3, 2020. As of July 31, 2020, Shanghai Kangjian Import And Export Co. Ltd. has reported total assets of CNY 831.77 million and net assets of CNY 173.79 million. The transaction is approved in the board of directors meeting of Orient International Enterprise, Ltd. On December 21, 2020, the transaction is approved by the shareholders of Orient International Enterprise, Ltd. in the 2nd special shareholders’ meeting for 2020.