Sichuan Fulin Transportation Group Co., Ltd. (SZSE:002357) agreed to acquire remaining 48.8% stake in Chengdu Zhaoyi Technology Development Co., Ltd. from Han Yi, Tian Pingzhuang and Li Xiurong for CNY 13.8 million on October 15, 2019. Sichuan Fulin Transportation Group Co., Ltd. to use own funds of CNY 13.8 million for the acquisition. Post completion, Sichuan Fulin Transportation Group Co., Ltd. holds 100% stake in Chengdu Zhaoyi Technology Development Co., Ltd. Sichuan Fulin Transportation Group Co., Ltd. will acquire 6.8% stake, 4.9% stake and 37.1% stake from Tian Pingzhuang, Li Xiurong and Han Yi respectively. As of December 31, 2018, Chengdu Zhaoyi Technology Development Co., Ltd. has total assets of CNY 462.1 million, net assets of CNY 401.2 million. In 2018, it has revenue of CNY 145.3 million and net loss of CNY 6.36 million. Transaction is subject to Sichuan Fulin Transportation Group Co., Ltd. shareholders approval. Sichuan Fulin Transportation Group Co., Ltd. (SZSE:002357) held its 5th directorate’s 12th meeting and its 5th supervisory board’s 6th meeting on October 15, 2019 and approved acquiring the minority shareholders’ stake in holding subsidiary Chengdu Zhaoyi Technology Development Co., Ltd. Sichuan Fulin Transportation Group Co., Ltd. (SZSE:002357) cancelled the acquisition of remaining 48.8% stake in Chengdu Zhaoyi Technology Development Co., Ltd. from Han Yi, Tian Pingzhuang and Li Xiurong on October 15, 2020.