Beijing Shenhuaxin Co., Ltd. (SZSE:000010) announced that it will receive funding on September 17, 2013.

On October 10, 2014, 29th session of the 8th directorate of the company approved the termination of the implementation of the private placement plan. The proposal still needs to be approved by the shareholders' meeting.

On October 13, 2014, Beijing Shenhuaxin Co., Ltd. cancelled the transaction.