Foshan Hankeye Trade Co., Ltd. signed the equity transfer agreement to acquire 55% stake in Guangdong Europol Intelligent Network Cold Chain E-Commerce Co., Ltd. from Europol Intelligent Network Co., Ltd. (SZSE:002711) for CNY 3.5 million on December 12, 2016. As on November 30, 2016, Guangdong Europol Intelligent Network Cold Chain E-Commerce Co., Ltd. reported total assets of CNY 35.5 million, net assets of CNY 12.1 million, revenue of CNY 0 and net loss of CNY 0.34 million. The transaction is not subject to approval by shareholders of Europol Intelligent Network Co., Ltd. The transaction has been approved by Board of Europol Intelligent Network Co., Ltd.