Shang Hai Ya Tong Co., Ltd. (SHSE:600692) agreed to acquire 70% stake in Shanghai Weiyin Construction Engineering Co., Ltd. from Wang Shizhong and Zhen Lumei for CNY 70.5 million on March 11, 2020. Under the terms, the transaction price will be paid in two parts. The first installment includes CNY 1.8 million and the second installment of CNY 69.3 is based on the follow-up realization of Shanghai Weiyin Construction Engineering Co., Ltd.'s creditor's rights before the transfer. Post acquisition, Shang Hai Ya Tong Co., Ltd. will hold 70% stake in Shanghai Weiyin Construction Engineering Co., Ltd. The transaction has been approved by the 13th meeting of the 9thdirectorate of Shang Hai Ya Tong Co., Ltd. Shang Hai Ya Tong Co., Ltd. (SHSE:600692) cancelled the acquisition of Shanghai Weiyin Construction Engineering Co., Ltd. from Wang Shizhong and Zhen Lumei on March 11, 2021.