Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) agreed to acquire 20% stake in Shanghai Haibo Hongtong Investment Development Co., Ltd. from Shanghai Qiangsheng Taxi Co., Ltd. for CNY 20.4 million on December 25, 2012. Board of Directors of Shanghai QiangSheng Holding Co., Ltd approved the transaction on December 25, 2012.

Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) cancelled the acquisition of 20% stake in Shanghai Haibo Hongtong Investment Development Co., Ltd. from Shanghai Qiangsheng Taxi Co., Ltd. on December 25, 2013.