Shanghai Paihui Technology Co., Ltd. agreed to acquire 65% stake in Yonghui Yunjin Technology Co., Ltd. from Yonghui Superstores Co., Ltd. (SHSE:601933) for CNY 336.09 million on April 27, 2024. A cash consideration of CNY 336.09 million will be paid by Shanghai Paihui Technology Co., Ltd. As part of consideration, CNY 336.09 million is paid towards common equity of Yonghui Yunjin Technology Co., Ltd. . The transaction is subject to approval of merger agreement by target board.

The deal has been approved by the board.