Kinghand Industrial Investment Co., Ltd. (SZSE:000615) agreed to acquire 51% stake in Ningbo Meishan Free Trade Port Area Joint Pilot Asset Management Co., Ltd from Jiang Li for CNY 5.1 million on July 12, 2017. Post transaction, Kinghand Industrial Investment Co., Ltd will own 51% stake in Ningbo Meishan Free Trade Port Area Joint Pilot Asset Management. The transaction is approved by the Board of Kinghand Industrial Investment Co., Ltd.