Shenzhen Weirong Enterprise Development Co., Ltd. signed an agreement to acquire 13.5% stake in Shenzhen Hive Box Technology Co., Ltd. from Yunda Holding Co., Ltd. (SZSE:002120), Shanghai Yunyun Investment Management Co., Ltd. and Ningbo Meishan Bonded Port Area Fushan Investment Co., Ltd. for CNY 1.2 billion on June 14, 2018. Payment will be done in one single installment within 90 days since delivery of underlying equity. Shanghai Yun Yun Investment Management Co., Ltd. will sell 7.75% stake for CNY 697.9 million, Yunda Holding Co., Ltd. will sell 2.72% stake for CNY 244.9 million and Ningbo Meishan Bonded Port Area Fushan Investment Co., Ltd. will sell 2.99% stake for CNY 269.4 million. Shenzhen Hive Box Technology Co., Ltd. reported total assets of CNY 4.59 billion and net assets of CNY 2.83 billion as at December 31, 2017. Shenzhen Hive Box Technology Co., Ltd. reported operating revenues of CNY 308.39 million and net loss of CNY 385.13 million in 2017. The Board of Directors of Yunda Holding Co., Ltd. approved the transaction on June 14, 2018. Shenzhen Weirong Enterprise Development Co., Ltd. cancelled the acquisition of 13.5% stake in Shenzhen Hive Box Technology Co., Ltd. from Yunda Holding Co., Ltd. (SZSE:002120), Shanghai Yunyun Investment Management Co., Ltd. and Ningbo Meishan Bonded Port Area Fushan Investment Co., Ltd. on June 14, 2019.