[Caihua News]Zhongda Group Holdings (00139.HK)Announced the acquisition of Huaxia Culture on the open market on September 8, 2021 (01566.HK) A total of 5.28 million shares, accounting for 0.54% of its share capital; the price of each share is 284 yuan, and the total cost is 14.9952 million yuan.

Huaxia Culture Group is a Chinese multimedia animation entertainment group. In view of the growing demand for multimedia animation entertainment in China, the company believes that the future prospects of Chinese culture are promising, and the acquisition is an investment opportunity for the group. Since Huaxia Culture Co., Ltd. is listed on the main board of the Stock Exchange, the Group will be able to monetize Huaxia Culture's investment in the open market. This is an effective means of monetizing the investment in Huaxia Culture's subscription shares.

The directors are positive about the future of Huaxia Culture and believe that the acquisition provides a good investment opportunity for the Group to expand its portfolio.