Beijing Hezhan Zhongda Technology Co., Ltd. intends to acquire a 25% stake in Tieling Newcity Investment Holding (Group) Limited (SZSE:000809) from Tieling Financial Assets Management Co. Ltd. on April 25, 2023. Under the terms, 206,197,823 shares will be acquired under public solicitation.

Transaction has been approved by Tieling City State-owned Assets Supervision and Administration Commission and is subject to approval of from Shenzhen Stock Exchange