Tieling Yuansheng Asset Management Co., Ltd. signed share transfer agreement to acquire 23.3144% stake in Tieling Caijing Investment Co., Ltd. from Tieling Newcity Investment Holding (Group) Limited (SZSE:000809) for CNY 600 million on August 14, 2023. The transaction is approved by board of directors of Tieling Newcity Investment Holding (Group) Limited. As of March 31, 2023, Tieling Caijing Investment Co., Ltd. generated total assets of CNY 4.26 billion and net assets of CNY 2.42 billion.