Xinjiang Yilu Wanyuan Industrial Investment Holding Co., Ltd. agreed to acquire 51% stake in Xiangyang Xinfadi Logistics Co., Ltd. for CNY 180 million on September 29, 2016. The transaction has been approved by the Board of Xinjiang Yilu Wanyuan Industrial Investment Holding Co., Ltd. Xinjiang Yilu Wanyuan Industrial Investment Holding Co., Ltd. cancelled the acquisition of 51% stake in Xiangyang Xinfadi Logistics Co., Ltd. on September 29, 2017.