Shenyang Automotive Industry Asset Management Company agreed to acquire Huachen Auto Jinbei (Xixian New District) Industrial Park Co., Ltd. from Shenyang Jinbei Automotive Company Limited (SHSE:600609) for CNY 59.9 million on August 16, 2019. 51% of the transactional price will be paid within 15 days since signing of the agreement. The rest of the compensation will be paid within 3 days since delivery of underlying equity. Huachen Auto Jinbei (Xixian New District) Industrial Park had total assets of CNY 152 million and net assets of CNY 35.07 million as of September 30, 2018. The transaction was approved by the 2nd meeting of the 9th Directorate of Shenyang Automotive Industry Asset Management Company. There is no need for approval from the shareholders’ meeting of Shenyang Jinbei Automotive Company. Shenyang Automotive Industry Asset Management Company cancelled the acquisition of Huachen Auto Jinbei (Xixian New District) Industrial Park Co., Ltd. from Shenyang Jinbei Automotive Company Limited (SHSE:600609) on August 16, 2020.