Dazhong Transportation (Group) Co., Ltd. (SHSE:600611) and Shanghai Dazhong Enterprise Management Co., Ltd. signed a Share Transfer Agreement to acquire additional 21% stake in Shanghai Dazhong Travel Information Technology Co., Ltd. from Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (SHSE:600635) on for CNY 0 November 9, 2021. As part of the transaction, Dazhong Transportation will acquire 30 million shares and Dazhong Enterprise will acquire 22.5 million in Shanghai Dazhong Travel. Post completion, Shanghai Dazhong Travel will be 52% held by Dazhong Transportation, 34% by Dazhong Enterprise and Dazhong Public Utilities will hold 14% stake.

As of September 30, 2021, Shanghai Dazhong Travel reported Owners' equity of CNY 5.33 million and total assets of CNY 21.49 million. The transaction is approved by the board of Dazhong Transportation.