Guangzhou Chaoneng Information Technology Co., Ltd agreed to acquire 48% stake in Shanghai Lisheng Financial Leasing Co., Ltd from Greatoo Intelligent Equipment Inc. (SZSE:002031) for CNY 99 million on January 4, 2020. Upon completion of the transaction, Greatoo Intelligent Equipment Inc will no longer hold stake in Shanghai Lisheng Financial Leasing Co., Ltd. The transaction is approved by the board of Greatoo Intelligent Equipment Inc. Guangzhou Chaoneng Information Technology Co., Ltd cancelled the acquisition of 48% stake in Shanghai Lisheng Financial Leasing Co., Ltd from Greatoo Intelligent Equipment Inc. (SZSE:002031) on January 4, 2021.