Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) and Ma Jianfeng agreed to acquire a 6.3% stake in Jiangsu Kingway Transportation Co., Ltd. from Zhuang Zhongsheng for CNY 65 million on February 25, 2019. On September 29, 2019, a share transfer agreement was signed. Both the buyers will acquire 3.125% stake for CNY 32.5 million each.