Ningbo Meishan Bonded Port Area Juxin Investment Co., Ltd. agreed to acquire Yunda Commercial Factoring Co., Ltd. from Yunda Holding Co., Ltd. (SZSE:002120) for CNY 18.6 million on February 22, 2019. Consideration will be paid in cash within 60 days since signing of the agreement. For the year ended December 31, 2018, Yunda Commercial Factoring Co., Ltd. had total assets of CNY 18.6 million, net assets of CNY 18.4 million, operating revenue of CNY 1.1 million and net profit of CNY 0.87 million. The transaction was approved by the Board of Directors of Yunda Holding Co., Ltd. on February 22, 2019 and is not subject to Yunda Holding Co., Ltd's shareholders' approval.