Li Xiaohui signed a transfer contract to acquire 52.1% stake in Nissing Hengtong Electric Co., Ltd. from Nissin Electric Co. Ltd. (TSE:6641) for approximately ¥180 million on February 5, 2016. Nissing Hengtong Electric Co., Ltd. reported total assets of ¥2.29 billion, net assets of ¥1.14 billion, sales of ¥917 million, operating loss of ¥178 million and net loss of ¥505 million for the period ending March 2015. The transaction was resolved by the Board of Directors of Nissin Electric Co. Ltd. The transaction is expected to complete in the end of March 2016. Li Xiaohui cancelled the acquisition of 52.1% stake in Nissing Hengtong Electric Co., Ltd. from Nissin Electric Co. Ltd. (TSE:6641) on February 5, 2017.