Teamax Smart City Technology Corporation Limited (SZSE:000662) signed the share transfer framework agreement to acquire 51% stake in Jiangsu Jinqiao Market Development Co., Ltd from Xue Huiping for CNY 2 billion on May 30, 2019. Post acquisition, Teamax Smart City Technology will own 51% stake in Jiangsu Jinqiao Market Development Co., Ltd. Teamax Smart City Technology Corporation Limited (SZSE:000662) cancelled the acquisition of 51% stake in in Jiangsu Jinqiao Market Development Co., Ltd from Xue Huiping on May 30, 2020.