Lecron Industrial Development Group Co., Ltd. (SZSE:300343) intent to acquire remaining 11.65% stake in Zibo Haorui Investment Co., Ltd. from A group of investors for CNY 47.8 million on September 22, 2021. The consideration will be paid in two installments, 1st installment being 65% of the consideration to be paid Within 5 working days after the agreement takes effect and 2nd installment of remaining 40 % shall be paid before December 31, 2021. For the year ended on August 31, 2021, Zibo Haorui Investment Co., Ltd. reported total assets of CNY 113 million, net assets of CNY 70 million, operating income of CNY 1.1135 million and net profit of CNY 29.4621 million.