China CIFCO Investment Co., Ltd (SZSE:000996) entered into an agreement to acquire the remaining 74.65% stake in China International Futures Co., Ltd. from Nantong Zongyi Investment Co., Ltd., CIFCO Group Co., Ltd., CIFCO Mobile Communications Co., Ltd., CIFCO Medical Services Co., Ltd., CIFCO Caiyidong Internet Co., Ltd., Sichuan Longbao Trading Co., Ltd. and Shenzhen Weishideng Investment Holding Co., Ltd. in January 2021. China CIFCO Investment will issue class A shares at CNY 7.52 per share to acquire each share of China International Futures. Raising supporting funds of CNY 2 billion shall be implemented on the basis of major asset sales and mergers. However, whether the supporting funds are implemented or whether the supporting funds are fully raised will not affect the implementation of major asset sales and mergers. As of September 30, 2020, China International Futures reported total assets of CNY 6.1 billion, total liabilities of CNY 4.6 billion and owners equity of CNY 1.5 billion. The transaction is subject to China CIFCO Investment board approval, China International Futures has fulfilled its internal decision-making procedures, reviewed and approved the transaction plan, and agreed to sign the agreement on absorption and merger. CIFCO Group, the counterparty to this transaction, has performed internal decision-making procedures, reviewed and approved the transaction plan, and agreed to sign the asset transfer agreement and merger absorption agreement.