Henan Xinning Modern Logisics Co., Ltd. (SZSE:300013) entered into an agreement to acquire 60% stake in Kunshan Xinruining Modern Logisics Co., Ltd. from Kunshan Xunjia Supply Chain Management Co., Ltd. and Guo Jinbao for CNY 4.9 million on September 8, 2022. The transaction has been approved by Board of Directors of Henan Xinning Modern Logisics Co., Ltd. For the year ended July 31, 2022, Total assets were of CNY 130 million and Total Common Equity was of CNY 4 million.