Anhui Heli Co., Ltd. (SHSE:600761) agreed to acquire 17.5% stake of Zhejiang Jialift Warehouse Equipment Co.,Ltd. from group of shareholders for CNY 55.3 million on October 27, 2020. Anhui Heli will acquire 7.28 million shares at a price of CNY 7.59 per share. The consideration will be paid in cash. The shares are sold by 9.53% stake by Zhang Hanzhang from 54.49%, 1.35% stake by Wu Bohua from 7.74%, 1.91% stake by Zhang Jiandong from 7.76% , 0.72% stake by Li Fengming from 4.09%, 0.54% stake by Yu Bingquan from 3.08%, 0.51% stake by Qian Long from 2.89%, 0.42% stake by Yin Jue from 2.4%, 0.30% by Zhang Hongming from 1.73%, 0.37% stake by Sun Yifang from 1.66%, 0.72% stake by Gu Zhixiong from 1.44%, 0.16% stake by Zhang Jianhui from 0.89%, complete 0.84% stake by Fan Yong and 0.13% stake by Zhu Guoping from 0.72%. For the year ended December 31, 2019, Zhejiang Jialift reported Total assets of CNY 188.48 million, operating revenue of CNY 268.1 million, owner's equity of CNY 89.96 million. After the completion of the share transfer, Zhang Hanzhang will entrust to the Anhui Heli the voting rights for his remaining 18.7 million shares representing 44.96% of the Zhejiang Jialift. The transaction is approved by Board of Directors of the Anhui Heli. The transaction is subject to the National Small and Medium-sized Enterprise Share Transfer System Co., Ltd. and China Securities Depository and Clearing Co., Ltd.