Wins Finance Holdings Inc. announced that Spectacular Bid Limited, a wholly owned subsidiary of Freeman FinTech Corporation Limited has acquired approximately 67% of the company's outstanding shares from Appelo Ltd. and Wits Global Ltd., each an entity controlled by Mr. Wang Hong. As the company previously disclosed would take place, at the closing on August 2, 2017, Haiming Guo, Guo Chen and Jingxiao Zhang resigned from the Board of Directors and Xiaofeng Zhong, Shihai Wang and Weiqi Chen were appointed to the Board of Directors.