Zhejiang Everbright Jinsheng Asset Management Co., Ltd. signed an agreement to acquire Beijing Ruige Jiashang Culture Communication Co., Ltd. from Gansu Gangtai Holding (Group) Co., Ltd. (SHSE:600687) for approximately CNY 490 million on December 25, 2018. Beijing Ruige Jiashang Culture Communication Co., Ltd. reported total assets of CNY 341.27 million and net assets of CNY 144.83 million as at December 31, 2017. Beijing Ruige Jiashang Culture Communication Co., Ltd. reported revenues of CNY 204.55 million and net profit after deducting non-recurring gains and losses of CNY 60.63 million in 2017. The Board of Directors of Gansu Gangtai Holding (Group) Co., Ltd. approved the transaction on December 25, 2018. Zhejiang Everbright Jinsheng Asset Management Co., Ltd. cancelled the acquisition of Beijing Ruige Jiashang Culture Communication Co., Ltd. from Gansu Gangtai Holding (Group) Co., Ltd. (SHSE:600687) on December 25, 2019.