Yunqian Logistics Technology (Hong Kong) Limited agreed to acquire Shanghai Yunda Yunqian Logistics Technology Co., Ltd from group of sellers for approximately CNY 660 million on December 23, 2020. As on September 30, 2020, reported total assets of CNY 922 million and net assets of CNY 420 million. Transaction is approved by the Board of YUNDA Holding Co., Ltd. (SZSE:002120).