Sichuan Commercial Investment Co., Ltd. signed the share transfer agreement to acquire 6.91% stake in Chengdu Hongqi Chain Co.,Ltd. (SZSE:002697) from Cao Shiru and Cao Zengjun for approximately CNY 550 million on December 20, 2023. The transaction has received Anti-Monopoly approval on March 19, 2024. As of June 24, 2024, The parties agreed to adjust the transfer price from CNY 5.88 per share to CNY 5.756 per share.