Guangzhou Zherong Trading Co., Ltd. agreed to acquire Huadu Chouzhou Rural Bank of Guangzhou for CNY 34.4 million on November 13, 2018. The transaction was approved at the fourth meeting of the sixth board of directors of Guangzhou Kingteller Technology Co.,Ltd. on November 13, 2018. The shareholders of Guangzhou Kingteller Technology Co.,Ltd. approved the transaction at the second extraordinary general meeting on November 13, 2018. At the second meeting of the seventh board of directors on August 02, 2021 , Guangzhou Kingteller Technology Co.,Ltd. approved the proposal on terminating the transaction. Guangzhou Zherong Trading Co., Ltd. cancelled the acquisition of Huadu Chouzhou Rural Bank of Guangzhou on August 2, 2021.