Chongqing Jianshe Vehicle System Co., Ltd. (SZSE:200054) agreed to acquire additional 24.64% stake in Chongqing Construction Hanang Automotive Thermal Management System Co., Ltd from Chongqing Jianshe Electromechanical Co., Ltd for approximately CNY 100 million on March 31, 2019. The consideration is paid in cash. Chongqing Jianshe Vehicle System currently holds 25.36% stake in Chongqing Construction Hanang Automotive Thermal Management System. After the completion of this transaction Chongqing Jianshe Vehicle System will hold 50% stakes in Chongqing Construction Hanang Automotive Thermal Management System Co., Ltd. Chongqing Construction Hanang Automotive Thermal Management System Co., Ltd reported total assets of CNY 466.6 million, net assets of CNY 407.3 million, revenue of CNY 51.62 million, operating loss of CNY 12.7 million and net loss of CNY 12.7 million as of December 31, 2018. The transaction is still subject to the approval of the shareholders’ meeting. The transaction has been reviewed and approved at the Chongqing Jianshe Vehicle System’s 15th session of the 8th directorate meeting on March 31, 2019. Chongqing Jianshe Vehicle System Co., Ltd. (SZSE:200054) cancelled the acquisition of additional 24.64% stake in Chongqing Construction Hanang Automotive Thermal Management System Co., Ltd from Chongqing Jianshe Electromechanical Co., Ltd on March 31, 2020.