Zhejiang Meorient Commerce Exhibition Inc. (SZSE:300795) agreed to acquire a 51% stake in Shenzhen Huafu Exhibition Service Co., Ltd. from Heze Huaxi Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 52.5 million on August 10, 2021. The total transaction price is CNY 52.53 million including "the first transaction price" of CNY 34.81 million, "Transaction Sincerity Fund" of CNY 2.8 million, and the "Deferred Transaction Consideration" calculated based on the completion of performance commitments during the performance commitment period of the target company and paid after the expiration of the performance commitment period of up to CNY 14.92 million. For the year ended December 31, 2020, Shenzhen Huafu Exhibition Service reported total assets of CNY 11.2 million, net asset of CNY 7.5 million, revenue of CNY 22 million and net profit of CNY 3.7 million. On August 10, 2021, the 18th session of the company’s 4th directorate and the 11th session of the company’s 4th supervisory board approved the transaction.