China RDI has announced that its indirect wholly-owned subsidiary, Shanghai RDI Xingchen Enterprise Management Co., Ltd. (hereinafter referred to as the "Buyer"), has entered into an equity transfer agreement with Shanghai Wanda Online Financial Services Co., Ltd. (the "Seller") and Kuaiqian Financial Services (Shanghai) Co., Ltd. (the "Target Company"). Pursuant to the terms of the agreement, the Buyer will acquire a 30% equity stake in the Target Company for a total cash consideration of RMB 240 million, to be paid in three installments.

The Target Company is a pioneering enterprise in the industry, having secured a third-party payment license from the People's Bank of China as early as 2011. China RDI views this acquisition as a strategic move that will facilitate the Group's expansion into the thriving third-party payment and fintech sectors, thereby fostering the Group's long-term growth and development prospects.