Quanzhou Huixin Micro-credit Co., Ltd. (SEHK:1577) agreed to acquire additional 22.88% stake in Jinjiang Huixin Microfinance Co., Ltd from Xiamen Panhong Trading Co., Ltd. for CNY 82.4 million on June 25, 2024. The transaction will be financed through internal resources. For the period ending December 31, 2023, Jinjiang Huixin Microfinance Co., Ltd reported total revenue of CNY 72.58 million and net income of CNY 39.29 million.

As of December 31, 2023, Jinjiang Huixin Microfinance Co., Ltd reported total assets of CNY 495.59 million and total common equity of CNY 373.17 million. The transaction is subject to approval by regulatory board / committee.