June 25 news, commodity city disclosure announcement, the regulatory authorities have agreed to express express on the change of the actual controller's approval, the change after the company will become express express actual controller.

At the same time, Commodities City will acquire 100% equity of Zhejiang Haier Network Technology Co., LTD. (hereinafter referred to as "Haier Network") by purchasing haier Group (Qingdao) Financial Holding Co., LTD., the current actual controller, for 449 million yuan. After the change, the company holds 100% of the shares of Express through Haier Network.

It is worth noting that Express is a third party enterprise approved by the People's Bank of China to engage in Internet payment business in 2013. The successful acquisition means that small commodity city will obtain an Internet payment license.

Public information shows that commodity City is currently one of the largest professional wholesale market developers in China, with exclusive business development, management, service yiwu China commodity City as the main business, products almost include handicrafts, hardware, daily provisions, textiles, clothing and other daily industrial products.