Renrui Hr Strategically Acquired Two Regional Leading Providers Of Comprehensive Flexible Staffing Services To Commercial Banks

Renrui Human Resources Technology Holdings Limited ("Renrui HR" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 6919.HK), is pleased to announce that on 16 September 2021, the Group has entered into a Sales and Purchase Agreement, and has agreed to acquire 51% of equity interests of Jiangnan Finance Technology (Changzhou) Company Limited (referred to below as "Jiangnan Jinke" ) and Shanghai Lingshi Human Resources Services Limited (referred to below as "Shanghai Lingshi") for approximately RMB 47million and approximately RMB 33million respectively. The target companies are the leading HR service providers in the regions, mainly engaged in provision of comprehensive flexible staffing services to local commercial banks in the PRC. As at 31 July 2021, the total number of comprehensive flexible staff employees deployed by the target companies were over 3,400. Upon completion of the acquisitions, Jiangnan Jinke and Shanghai Lingshi will become indirect subsidiaries of the Company, and their financial results will be consolidated into the financial statements of the Group.