Everyday Network Co.,Ltd. (SZSE:300295) agreed to acquire 10.83% stake in Nanjing Everyday Internet Technology Micro-Credit Co., Ltd from Nanjing Chixia Development Co., Ltd. (SHSE:600533) for CNY 60 million on December 21, 2020. Before December 25, 2020, Everyday Network Co.,Ltd. will make a one-time payment. Post completion of this transaction, Everyday Network Co.,Ltd. will hold 94.16% stake in Nanjing Everyday Internet Technology Micro-Credit Co., Ltd. Nanjing Everyday Internet Technology Micro-Credit Co., Ltd reported total assets of CNY 965.6 million, net assets of CNY 490.6 million as on December 31, 2019, revenue of CNY 72.6 million and net profit of CNY 26.3 million in 2019.

Nanjing Everyday Internet Technology Micro-Credit Co., Ltd reported total assets of CNY 990.8 million and net assets of CNY 509.3 million as on September 30, 2020. On December 21, 2020, Nanjing Chixia Development Co., Ltd. held the 23rd Meeting of the 7th Directorate, and approved the transfer.