AVIC International Holdings Limited signed an agreement to acquire 43.4% stake in Rainbow Digital Commercial Co., Ltd. (SZSE:002419) from controlling shareholder for CNY 2.9 billion on November 22, 2021. Post completion, AVIC International Holdings Limited will become controlling shareholder of Rainbow Digital Commercial Co., Ltd. AVIC International Holdings Limited completed the acquisition of 43.4% stake in Rainbow Digital Commercial Co., Ltd. (SZSE:002419) from controlling shareholder on December 29, 2021. AVIC International Holdings Limited acquired 520.886 million shares.