On November 13, 2018, 9Air Co., Ltd closed the transaction. The company has received CNY 400,000,000 in the transaction. The transaction was approved by the board of directors of the investor in its 14th meeting of the 3rd directorate and the 13th meeting of the 3rd board of supervisors. This transaction does not need to be submitted to the company's general meeting of shareholders for consideration and approval. The investor has a capital contribution ratio of 79%. Post completion of the transaction, the registered capital of the company has been increased from CNY 200,000,000 to CNY 600,000,000. The company has reported total assets of CNY 2,964,842,900, total liabilities of CNY 2,287,592,200, net assets of CNY 677,250,700, revenue of CNY 1,749,447,900, and net income of CNY 164,741,300 for the period ended December 31, 2017.