Shanghai Chuangli Group Co., Ltd. (SHSE:603012) agreed to acquire the remaining 36.04% stake in Zhejiang Zhongmei Machinery Technology Co., Ltd. from a group of shareholders for approximately CNY 410 million on September 16, 2021. Zhejiang Zhongmei Machinery Technology Co., Ltd. reported total assets of CNY 784.72 million and net asset of CNY 309.9 million as of April 30, 2021. The transaction has been approved by the Board of Shanghai Chuangli Group.