China Huirong Financial Holdings Limited announced that the group has expanded its business into Sichuan Province by establishing a branch in Chengdu. On 31 July 2018, the company established a branch in Hefei with a registered capital of RMB 10,000,000. On 16 October 2018 and 26 December 2018, the Hefei Branch was issued with a Pawn Operations Business License and a Special Industry License by the relevant regulatory authorities in China. On 1 August 2018, the company established a branch in Wuhan with a registered capital of RMB 10,000,000. On 31 October 2018 and 10 December 2018, the Wuhan Branch was issued with a Pawn Operations Business License and a Special Industry License by the relevant regulatory authorities in China. With the Heifei Branch and Wuhan Branch obtaining the aforesaid requisite licenses, the Group will launch and expand its business in the provision of short-term loans secured by collateral, also referred to as ``pawn loans'', to customers based in Anhui and Hubei Provinces. The Company is of the view that the expansion of the Group's business into Anhui and Hubei Provinces, together with the expansion into Sichuan Province, represents the Company's transition from a regional provider of financing services in Suzhou to a national provider of financing services.