Anhui Korrun (300577.SZ) plans to acquire 28.152% stake in Shanghai Jiale Co., Ltd.

Anhui Korrun (300577. SZ) announced that its wholly-owned subsidiary, Chuzhou Mirun Technology Co., Ltd. (hereinafter referred to as "Chuzhou Mirun" or the "Purchaser"), intends to acquire 24% of the shares of Shanghai Jiale Shares Co., Ltd. (hereinafter referred to as "Shanghai Jiale" or the "Target Company"), held by Taian Jiuan Investment Service Limited Partnership (hereinafter referred to as "Jiuan Investment"), for a total of 336 million RMB using its own funds or self-raised funds. The Purchaser also intends to acquire 4.1520% of the shares of Shanghai Jiale held by Jiaxing Hongzhifan Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Hongzhifan Investment") for 58.1286 million RMB using its own funds or self-raised funds. After the completion of this transaction, Shanghai Jiale will become a wholly-owned subsidiary of the Company. After the completion of the acquisition of the shares, Shanghai Jiale will become a wholly-owned subsidiary of the Company, which will help strengthen the overall strategic synergy and resource integration of the Company, improve operational and decision-making efficiency, reduce management costs, and achieve the optimal allocation of the Company's overall resources, in line with the Company's long-term development strategy.