Liu Liangjian sold 21% stake in Jin Bao Bao Holdings Limited (SEHK:1239) for HKD 630 million on January 22, 2016. As reported, Liu Liangjian sold 2.1 billion shares for HKD 0.3 per share and will hold 2.1 billion shares, representing 21% stake in Jin Bao Bao Holdings Limited post transaction. With effect from the transaction date, Liu Liangjian resigned from Executive Director, the Chairman of the Board, the Chief Executive Officer of Jin Bao Bao Holdings Limited. Xie Yan has been appointed as an Executive Director, the Chairman of the Board and the Authorised Representative of Jin Bao Bao Holdings Limited.

Liu Liangjian completed the sale of 21% stake in Jin Bao Bao Holdings Limited (SEHK:1239) on January 22, 2016.