Hengxin Mobile Business Co., Ltd. (SZSE:300081) signed an agreement to acquire 33.35% stake in Beijing Hengshengtong Pawn Co., Ltd from Beijing Boru Cultural Development Co., Ltd for CNY 27 million on August 2, 2015. In a related transaction, Hengxin Mobile Business Co., Ltd. signed an agreement to acquire 17.65% stake in Beijing Hengshengtong Pawn Co., Ltd from Beijing Guoyuan Purui Technology Co., Ltd and Liu Yang for CNY 9 million. After the transactions, Hengxin Mobile Business Co., Ltd will hold 51% stake and Beijing Boru Cultural Development Co., Ltd. will hold 49% stake in Beijing Hengshengtong Pawn Co., Ltd. Hengxin Mobile Business Co., Ltd will use self-own funds of CNY 27.01 million to acquire the stake.

For the year ended December 31, 2015, Beijing Hengshengtong Pawn Co., Ltd reported revenues of CNY 3.19 million, total assets of CNY 51.84 million, net assets of CNY 51.48 million, operating profit of CNY 0.13 million and net profit of CNY 0.98 million. The Board of Hengxin Mobile Business approved the transaction on August 4, 2015.