Shenzhen Oceanwide Yunteng Investment Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 1.89% stake in Beijing Electric Vehicle Co., Ltd. from Oceanwide Equity Investment Management Co., Ltd. for CNY 530 million on September 8, 2017. The offer per share is CNY 5.3. In related transaction, Tianjin Jinxing Investment signed the share transfer agreement to acquire 1% stake in Beijing Electric Vehicle Co., Ltd from Shenzhen Jinggangshan New Energy Investment Management Co., Ltd for approximately CNY 320 million and Daimler Greater China Ltd signed the equity acquisition agreement to acquire 3.93% stake in Beijing Electric Vehicle Co., Ltd from Shenzhen Jinggangshan New Energy Investment Management Co., Ltd for approximately CNY 630 million on September 8, 2017.