Shandong Danzhuo Biotechnology Co., Ltd. and Nanjing Xinjiekou Department Store Co., Ltd. (SHSE:600682) agreed to acquire Shanghai Lanhai Kerui Financial Information Service Partnership LP from Nanjing Ying Peng Hui Kang Medical Industry Investment Partnership (Limited Partnership), fund of Nanjing Ying Peng Asset Management Co., Ltd. on September 12, 2019. As per terms, Nanjing Xinjiekou Department Store will acquire 99.9993% stake from both the sellers for both cash and Class A shares at CNY 10.28 per share and Shandong Danzhuo Biotechnology will acquire the remaining 0.0007% from Nanjing Ying Peng Asset Management Co., Ltd in cash. The consideration has not been decided yet. Nanjing Xinjiekou Department will carry out a private placement to raise supporting funds directed at not more than 10 specific investors. Issuance quantity will not be higher than 20% of the Company’s total issued share capital and expected proceeds will not exceed a 100% of the price of the related acquisition. The shares will have a lock up period of 12 months since issuance date. For the year ended December 31, 2018, Shanghai Lanhai Kerui Financial Information Service Partnership LP reported revenues of CNY 936.8 million, total assets of CNY 5.8 billion, net income of CNY 227.6 million and net assets of CNY 3.1 billion. The deal requires second approval from Nanjing Xinjiekou Department Store Co., Ltd., internal decision-making body of Nanjing Ying Peng Huikang Medical Industry Investment Partnership, shareholders of Nanjing Xinjiekou Department Store Co., Ltd. and China Securities Regulatory Commission. The Board of Directors of Nanjing Xinjiekou Department Store Co., Ltd. and executive partners of Nanjing Ying Peng Huikang Medical Industry Investment Partnership approved the deal. The deal has been decided by the shareholders of Nanjing Ying Peng Asset Management Co., Ltd. Shandong Danzhuo Biotechnology Co., Ltd. and Nanjing Xinjiekou Department Store Co., Ltd. (SHSE:600682) cancelled the acquisition of Shanghai Lanhai Kerui Financial Information Service Partnership LP from Nanjing Ying Peng Hui Kang Medical Industry Investment Partnership (Limited Partnership), fund of Nanjing Ying Peng Asset Management Co., Ltd. on March 10, 2020. The motion was approved in the Company’s 3rd meeting of the 9th directorate as well as the 16th meeting of the 8th reunion of supervisors.