Shanghai Qiangsheng Taxi Co., Ltd. agreed to acquire Shanghai Qiangsheng Qinglv Taxi Co., Ltd. from Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) from CNY 16.8 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 Board of Directors of Shanghai QiangSheng Holding Co., Ltd unanimously approved the transaction.

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