Beijing Shoutuo Rongsheng Investment Co., Ltd. agreed to acquire remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) for CNY 10.3 million on December 29, 2020. Beijing Shoutuo Rongsheng Investment Co., Ltd. won the bid for the transaction. Chongqing No. 5 Intermediate People’s Court ruled for the transaction. Beijing Shoutuo Rongsheng Investment Co., Ltd. completed the acquisition of remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) on January 4, 2021.