Zibo Financial Holdings Co., Ltd. signed letter of intent to acquire 20% stake in Zhaojin Futures Co., Ltd. from Shandong Hiking International Co.,Ltd (SHSE:600735) for CNY 69.4 million on May 19, 2021. For the year ended on December 31, 2020, Zhaojin Futures reported Total assets of approximately CNY 240 million, Net assets of CNY 15.6 million, Revenue of CNY 11.5 million and Net Profit of CNY 1.1 million. The deal is subject to approval from China Securities Regulatory Commission.

As of December 31, 2021 China Securities Regulatory Commission approved the deal.