The process by which a branch is acquired.

Acquisition process of 1. branch: it is necessary to sign a letter of intent for acquisition, an equity change agreement and a creditor-debtor division agreement. Go to the industrial and commercial bureau for equity change, bank change and national tax change, and finally complete the acquisition. The acquisition of municipal companies and the related activities of the change of stock rights and interests must follow the principles of openness, fairness and impartiality. 2. Company Acquisition Law Article 3 The acquisition of listed companies and the change of relevant equity must follow the principles of openness, fairness and impartiality. The information disclosure obligor in the acquisition of a listed company and the change of relevant shares' rights and interests shall fully disclose their rights and interests in the listed company and their changes, and perform legal obligations such as reports and announcements in strict accordance with the law. Before the relevant information is made public, it is obliged to keep it confidential.