CIFCO Group Co., Ltd. entered into an agreement to acquire assets and liabilities of China CIFCO Investment Co., Ltd. on July 2, 2023. For the year ended December 2022, Total assets were CNY 714.91 million, net assets were CNY 435 million and Net loss was CNY 72.6 million. The Asset sale agreement was signed on September 13, 2023.

As of January 16, 2024 China CIFCO Investment's securities dealer has withdrawn application for the transaction from Shenzhen Stock Exchange but intends to resubmit application to the Shenzhen Stock Exchange.