Shanghai Shulin Commercial Services Center (Limited Partnership) and Shanghai Jinpu Guodiao M&A Equity Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire 13.05% stake in Shanghai Inlay Link Inc. from Zhonglu.Co.,Ltd (SHSE:900915) for CNY 84.8 million on January 2, 2020. As per terms of the transaction, Shanghai Jinpu Guodiao M&A Equity Investment Fund Partnership Enterprise (Limited Partnership) will acquire 10% stake at CNY 65 million and Shanghai Shulin Commercial Services Center (Limited Partnership) will acquire 3.05% stake at CNY 19.8 million. On the formal agreement that Zhonglu signed with Shanghai Shulin Commercial Services Center (Limited Partnership) on February 15, 2020 amended and stated that Shanghai Inlay Link is 3.0453% share of Shanghai Inlay Link Inc. and the transaction amount is CNY 19.8 million. The parties agreed that within 5 working days from the effective date of this Share Transfer Agreement, the transferee shall pay the transferor a one-time payment of CNY 19.8 million in the form of bank transfer. The transaction is subject to approval from the shareholders of Zhonglu.Co.,Ltd. Board of directors of Zhonglu.Co.,Ltd. approved the transaction in the 22nd meeting of the 9th directorate. Zhonglu.Co.,Ltd specially applied to the Shanghai Stock Exchange for exemption from submitting the above proposal to the company's shareholders’ meeting for consideration and has obtained approval. Shanghai Shulin Commercial Services Center (Limited Partnership) and Shanghai Jinpu Guodiao M&A Equity Investment Fund Partnership Enterprise (Limited Partnership) cancelled the acquisition of 13.05% stake in Shanghai Inlay Link Inc. from Zhonglu.Co.,Ltd (SHSE:900915) on January 2, 2021.