Guangzhou Huaxin Group Co., Ltd. and Fang Song acquired 10% stake in Guangzhou Yidai Financial Information Services Co., Ltd. from Guangzhou Tech-Long Packaging Machinery Co.,Ltd. (SZSE:002209) for CNY 3 million effective February 19, 2020. Huaxin Group acquired 8% stake in Guangzhou Yidai Financial for CNY 2.40 million while Fang Song acquired 2% stake for CNY 0.6 million. On February 19, 2020, Guangzhou Tech-Long Packaging Machinery received a notice from Guangzhou Yidai that the registration modification for the share transfer was already completed. The share transfer agreement was signed and became effective on the same day of the completion of the registration modification procedures for the share transfer. After, Guangzhou Tech-Long Packaging will no longer own stake in Guangzhou Yidai. As of December 31, 2019, Guangzhou Yidai’s total assets is CNY 29.4 million and net asset is CNY 24.2 million. For year ending December 31, 2019, Guangzhou Yidai’s revenue is CNY 10.6 million and net loss of CNY 2.2 million.