Yintai Gold Co., Ltd. (SZSE:000975) agreed to acquire an additional 5% stake in Yintai Shenghong Supply Chain Management Co., Ltd from Shanghai Nonferrous Network Information Technology Co., Ltd. for CNY 10.7 million on July 6, 2021. After the completion of this transaction, Shanghai Nonferrous.com no longer holds the equity of Yintai Shenghong and Yintai Gold will hold 95% stake in Yintai Shenghong. For the year ended December 31, 2020, Yintai Shenghong reported total assets of CNY 1.2 billion, net assets of CNY 233.2 million, operating income of CNY 7.9 billion and net profits of CNY 14.8 million. The transaction is subject to: Shanghai Nonferrous Metals.com makes the resolutions of the shareholders meeting/shareholders' decision to approve the transaction, Yintai Shenghong made the shareholders' meeting resolutions/shareholders' decisions regarding the prioritization of dividends to Shanghai Nonferrous.com and the transaction and other customary conditions. The transaction has been approved by the Board of Yintai Gold.