Beijing Dongfang Henghui Consulting Center (Limited Partnership), Xizang Rongshun Consulting Partnership Enterprise (Limited Partnership), Banyan Capital (Shenzhen) Investment Center (Limited Partnership), Shanghai Fengsui Investment Management Co., Ltd. and Qianyi Investment Management (Shanghai) Co., Ltd. entered into an equity transfer agreement to acquire 62.11% stake in Puhui Wealth Investment Management Co., Ltd. from Finup Group Co., Ltd. on June 28, 2016.