Zhitong Finance App News, China Joint Resources (00254) issued an announcement on matters relating to the Group's proposed acquisition of City Gear Limited and loans. All prerequisites under the sale agreement have been met and implemented accordingly on March 28, 2024. After completion, the target company became an indirect wholly-owned subsidiary of the company, and the target group's financial performance, assets and liabilities will be consolidated into the company's comprehensive financial statements, effective from the date of completion; and the seller has transferred the loan owed by the target group to the seller to the buyer, effective on the date of completion.