Zhongrongxin Holding Stock (Dalian) Co., Ltd. signed an agreement to acquire 74.35% stake in Dalian Daxian Micro-Shaft Co., Ltd. from Dalian Daxian Enterprises Holdings Co., Ltd. (SHSE: 600747) and another investor for approximately CNY 180 million on November 24, 2011. Within 60 days after the signing of the agreement, Zhongrongxin Holding Stock will pay CNY 100 million and the remaining balance will be paid within a year.

Dalian Daxian Micro-Shaft Co., Ltd reported total assets of CNY 449.05 million, total liabilities of CNY 310.68 million and net assets of CNY 138.37 million for the year 2010. The Board of Directors of Dalian Daxian Enterprises Holdings approved the transaction on November 24, 2011. On December 12, 2011, the shareholders of Dalian Daxian Enterprises approved the transaction. Beijing Longyuan Zhibo Asset Evaluation Limited acted as the appraiser in the transaction.

Zhongrongxin Holding Stock (Dalian) Co., Ltd. cancelled the acquisition of 74.35% stake in Dalian Daxian Micro-Shaft Co., Ltd. from Dalian Daxian Enterprises Holdings Co., Ltd. (SHSE:600747) and another investor on November 24, 2012.