Anhui Andeli Department Store Co., Ltd. (SHSE:603031) signed share transfer framework agreement to acquire 36% stake in Ningbo Akin Electronic Technology Co.,Ltd. from Ningbo Yafeng Electric Co., Ltd. for CNY 2.5 billion on September 10, 2021. As per the transaction, Anhui Andeli Department Store Co., Ltd. will acquire 1.35 billion shares. The transaction is subject to obtaining approval from the shareholders of Anhui Andeli Department Store Co., Ltd. while its Board of Directors has approved the transaction.