Shanghai Jingbo Enterprise Consulting Co., Ltd. and Shanghai Wedone Marketing Management Co. Ltd. entered into an Equity Transfer Agreement to acquire 51% stake in Spar (shanghai) Marketing Management Company Ltd from SPAR Group, Inc. (NasdaqCM:SGRP) for $0.2 million on February 23, 2024. The sale is deemed completed when the transferred equity is registered in the name of the buyers with the Chinese Market Supervision Administration.