Anhui Taier Holding Group Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd. and Ji Dan signed share transfer agreement to acquire 28% stake in Nanjing Sea Union Xingneng Technology Co., Ltd. from New Sea Union Technology Group Co.,Ltd. (SZSE:002089) for CNY 25.2 million on January 24, 2019. As per the terms of transaction, Anhui Taier Holding Group Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd. and Ji Dan will acquire 7% for CNY 6.3 million, 15% for CNY 13.5 million, 4% for CNY 3.6 million and 2% for CNY 1.8 million respectively. Upon completion, Anhui Taier Holding Group Co., Ltd. will hold 33% stake and Jiangyin Heilan Venture Capital Co., Ltd. will hold 27% stake in Nanjing Sea Union Xingneng Technology Co., Ltd. as of December 31, 2018, Nanjing Sea Union Xingneng Technology Co., Ltd. reported total assets of CNY 91.1 million, net assets of CNY 84.9 million, operating loss of CNY 13.7 million and net loss of 13.7 million. The transaction does not need the approvals from directorate and shareholders of New Sea Union Technology Group. Anhui Taier Holding Group Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd., Jiangyin Heilan Venture Capital Co., Ltd. and Ji Dan cancelled the acquisition of 28% stake in Nanjing Sea Union Xingneng Technology Co., Ltd. from New Sea Union Technology Group Co.,Ltd. (SZSE:002089) on January 24, 2020.