Changxing Kunheng Investment Management Partnership Enterprise (Limited Partnership) agreed to acquire 2.3% stake in Beijing Wuling Technology Co., Ltd. from NetPosa Technologies, Ltd. (SZSE:300367) for CNY 14.5 million on November 26, 2018. After the transfer, Changxing Kunheng Investment Management Partnership Enterprise (Limited Partnership) plans to acquire further stake in Beijing Wuling Technology Co., Ltd. through capital increase. After the two transactions, stake of Changxing Kunheng Investment will increase to 4.28% while that of NetPosa Technologies will become 31.35% stake from 34.3% stake earlier. Beijing Wuling Technology Co., Ltd. reported net assets of CNY 12.44 million, total assets of CNY 77.34 million, sales of CNY 6.72 million operating loss of CNY 81.93 million and net loss of CNY 81.92 million as of December 31, 2017. The transaction has been approved in the 40th meeting of NetPosa Technologies’s 3rd Directorate held on November 26, 2018. Changxing Kunheng Investment Management Partnership Enterprise (Limited Partnership) cancelled the acquisition of 2.3% stake in Beijing Wuling Technology Co., Ltd. from NetPosa Technologies, Ltd. (SZSE:300367) on November 26, 2019.