Shenzhen Desheng Asset Management Co., Ltd. agreed to acquire 2.68% stake in Shenzhen Pengding Chuangying Financial Information Service Co., Ltd. from Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) for CNY 40 million on April 28, 2017. After the deal, Shenzhen Deren Electronic will no longer own any shares in Shenzhen Pengding Chuangying Financial Information Service. As of December 31, 2016, Shenzhen Pengding Chuangying Financial Information Service reported total assets of CNY 8.24 billion, net asset of CNY 998.85 million, revenue of CNY 165.98 million, operating profit of CNY 46.75 million and net profit of CNY 26.59 million. The deal was approved by the Board of Directors of Shenzhen Deren Electronic.