Wang Bing agreed to acquire 10.72% stake in Hengxin Mobile Business Co., Ltd. on February 29, 2016. Wang Bing will acquire 14.464882 million shares of Hengxin Mobile and held no shares in Hengxin Mobile before the transaction. Wang Bing cancelled the acquisition of 10.72% stake in Hengxin Mobile Business Co., Ltd. on February 28, 2017.