Ningbo Tuopu Group Co., Ltd. (SHSE:601689) signed an equity acquisition intention letter to acquire 66.67% stake in Wuhu Changpeng Auto Parts Co., Ltd from Chongqing Changpeng Industrial (Group) Co., Ltd and Wuhu Chery Technology Co. Ltd. for CNY 48 million on November 16, 2015. As of 2014, Wuhu Changpeng Auto Parts had total assets of CNY 96.12 million, revenues of CNY 86.34 million, net assets of CNY 49.78 million and net profit of CNY 4.17 million.

Ningbo Tuopu Group Co., Ltd. (SHSE:601689) cancelled the acquisition of 66.67% stake in Wuhu Changpeng Auto Parts Co., Ltd from Chongqing Changpeng Industrial (Group) Co., Ltd and Wuhu Chery Technology Co. Ltd. on February 29, 2016.