Guangdong Alpha Animation and Culture Co., Ltd. (SZSE:002292), Beijing Baofeng Technology Co., Ltd. (SZSE:300431) and an unknown buyer agreed to acquire 55.76% stake in Shenzhen Tongshuai Chuangzhijia Technology Co Ltd from Qingdao Xinri Rishun Logistics Services Co., Ltd for CNY 250 million on July 6, 2015. Guangdong Alpha Animation and Culture Co., Ltd. (SZSE:002292), Beijing Baofeng Technology Co., Ltd. (SZSE:300431) and an unknown buyer intend to sign the agreement. Beijing Baofeng Technology Co., Ltd will acquire 30.37% stake for CNY 135 million, the unknown buyer will acquire stake in Shenzhen Tongshuai Chuangzhijia Technology Co for CNY 65 million. Guangdong Alpha Animation and Culture Co., Ltd will acquire 10% stake for CNY 50 million. After completion of the transactions, Beijing Baofeng Technology Co., Ltd. and the unknown buyer will hold total of 50% stake in Shenzhen Tongshuai Chuangzhijia Technology. Beijing Baofeng Technology will utilize self owned funds of CNY 135 million to acquire 30.37% stake.

Shenzhen Tongshuai Chuangzhijia Technology reported CNY 25.3 million in net profit for the year ended December 31, 2014. Tongshuai Chuangzhijia Technology Co reported total assets of CNY 58.09 million and net liabilities of CNY 0.32 million as of June 30, 2015. Shenzhen Tongshuai Chuangzhijia Technology reported operating loss of CNY 0.32 million and net loss of CNY 0.32 million for the period June 15, 2015 to June 30, 2015. The transactions still need the approval of the shareholders meeting of Beijing Baofeng Technology. The Board of Beijing Baofeng Technology approved the transaction on July 6, 2015. As of July 23, 2015, Beijing Baofeng Technology Co., Ltd.'s shareholders approved the transaction.