Shanghai Qiangsheng Group Automobile Repair Co., Ltd. agreed to acquire Shanghai Qiangsheng Auction House Co., Ltd. from Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) for CNY 13.4 million on December 25, 2012. All the 9 Board of Directors of Shanghai Qiangsheng Holding approved the deal.

Shanghai Qiangsheng Group Automobile Repair Co., Ltd. cancelled the acquisition of Shanghai Qiangsheng Auction House Co., Ltd. from Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) on December 25, 2013.