Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) agreed to acquire 3.55% stake in Shanghai Baolong Hotel Co., Ltd. from Shanghai Qiangsheng Taxi Co., Ltd. for CNY 2.8 million on December 25, 2012. Board of Directors of Shanghai QiangSheng Holding Co., Ltd has approved the transaction on December 25, 2012.

Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) cancelled the acquisition of 3.55% stake in Shanghai Baolong Hotel Co., Ltd. from Shanghai Qiangsheng Taxi Co., Ltd. on December 25, 2013.