Dalian Dafu Enterprises Holdings Co., Ltd (SHSE:600747) signed an investment intention framework agreement to acquire Quanhui Holding Limited from Hu Yonggang and others on January 23, 2017. The consideration will be made through the issuance of shares and cash. The transaction has been approved in the 14th meeting of Dalian Dafu Enterprises Holdings Co.'s 8th directorate held on January 23, 2017. Zhong Lun Law Firm acted as legal advisor and Chinalin Securities Co., Ltd. acted as financial advisor for Dalian Dafu Enterprises Holdings Co., Ltd. in the transaction.