Chen Bing signed the definitive agreement to acquire additional 4.14% stake in Vive&Best Technology Co.,Ltd. from consortium of sellers for CNY 34.8 million on January 6, 2017. Under the terms of the transaction Chen Bing will acquire 5.53 million shares held by the consortium of sellers at CNY 6.3 per share. As at September 30, 2016 Vive&Best Technology Co.,Ltd. reported total assets of CNY 18.41 million and net assets of CNY 13.98 million. Chen Bing cancelled the acquisition of additional 4.14% stake in Vive&Best Technology Co.,Ltd. from consortium of sellers on January 6, 2018.