Dalian Dafu Enterprises Holdings Co., Ltd. (SHSE:600747) signed a share acquisition agreement to acquire Shanghai Fengxi Supply Chain Management Co., Ltd. from Shenzhen Shaoshang Wealth Management Co., Ltd. for approximately CNY 280 million on April 9, 2018. In a related transaction, Dalian Dafu Enterprises Holdings Co., Ltd. signed an agreement to acquire Shanghai Lihao Metal Materials Co., Ltd. from Shenzhen Xinsuniao Technology Co., Ltd. for approximately CNY 530 million. For the year ended December 31, 2017, Shanghai Fengxi Supply Chain Management Co., Ltd. had total assets of CNY 82.9 million, net assets of CNY 63.8 million, revenue of CNY 366.9 million and net profit of CNY 11.3 million. The transaction is subject to approval from shareholders of Dalian Dafu Enterprises Holdings Co., Ltd. The transaction has been approved by the Board of Dalian Dafu Enterprises Holdings Co., Ltd. Dalian Dafu Enterprises Holdings Co., Ltd. (SHSE:600747) cancelled the acquisition of Shanghai Fengxi Supply Chain Management Co., Ltd. from Shenzhen Shaoshang Wealth Management Co., Ltd. on December 13, 2018.