Quanzhou Huixin Micro-Credit Co., Ltd. (SEHK:1577) entered into the Share Purchase Agreement to acquire an additional 10% minority stake in Jinjiang Huixin Microfinance Co., Ltd from Xiamen Gaoxinhong Equity Investment Co., Ltd. for CNY 22.2 million on October 19, 2021. Consideration shall be paid in cash within 3 business days after the date of this agreement and shall be returned without interest by Xiamen Gaoxinhong Equity Investment Co., Ltd. to Quanzhou Huixin Micro-Credit Co., Ltd. if the registration of approval of the Bureau of Financial Affairs of Quanzhou City cannot be completed on or before April 18, 2022. In a related transaction, Quanzhou Huixin Micro-Credit Co., Ltd. entered into the Share Purchase Agreement to acquire an additional 5% minority stake in Jinjiang Huixin Microfinance Co., Ltd from Xie Anju for CNY 11.1 million on October 19, 2021. Upon completion of both the acquisitions, Quanzhou Huixin Micro-Credit will hold 72.5% stake in Jinjiang Huixin Microfinance Co., Ltd. The aggregate consideration will be funded principally by internal resources of Quanzhou Huixin Micro-Credit Co., Ltd. Jinjiang Huixin Microfinance Co., Ltd reported net assets of CNY 257.87 million for the year ended June 30, 2021. Jinjiang Huixin Microfinance Co., Ltd reported a turnover of CNY 38.18 million, profit before taxation of CNY 29.58 million, profit after taxation of CNY 22.53 million, total assets of CNY 245.91 million and total liabilities of CNY 10.74 million for the year ended December 31, 2020. Transaction is conditional upon the necessary consents being obtained from the Bureau of Financial Affairs of Quanzhou City. The Share Purchase Agreement shall become effective upon fulfillment of the condition precedent, and shall be deemed to be completed upon completion of the registration and other relevant PRC regulatory filings in relation to the corresponding changes of equity holders. Quanzhou Huixin Micro-Credit Co., Ltd. (SEHK:1577) completed the acquisition of an additional 10% minority stake in Jinjiang Huixin Microfinance Co., Ltd from Xiamen Gaoxinhong Equity Investment Co., Ltd. on November 25, 2021. At the Board meeting held on November 25, 2021, the Board of Quanzhou Huixin Micro-Credit Co., Ltd. resolved that the Company will make a Capital Injection of CNY 130.2 million into Jinjiang Huixin Microfinance Co., Ltd.