Shanghai Qiangsheng Taxi Co., Ltd. agreed to acquire Shanghai Changhai Taxi Co., Ltd. from Shanghai QiangSheng Holding Co., Ltd. (SHSE:600662) for CNY 86.1 million on December 25, 2012. In related transactions, Shanghai Qiangsheng Taxi Co., Ltd. also agreed to acquire stakes in other companies from Shanghai QiangSheng Holding Co., Ltd on December 25, 2012. The transaction has been unanimously approved by the Board of Directors of Shanghai QiangSheng Holding Co., Ltd.

Shanghai Qiangsheng Taxi Co., Ltd. cancelled the acquisition of Shanghai Changhai Taxi Co., Ltd. from Shanghai QiangSheng Holding Co., Ltd. (SHSE:600662) on December 25, 2013.