Europol Intelligent Network Co., Ltd. (SZSE:002711) signed the equity acquisition intent letter to acquire 60% stake in Beijing Lange E-commerce Co., Ltd.and Shanghai Yongkong Industrial Co., Ltd. on July 14, 2017. The consideration will be paid in cash. In a related transaction, Europol Intelligent Network Co., Ltd. signed the equity acquisition intent letter to acquire 60% stake in Guangdong Yongtong Machinery Limited by Shares Ltd. Europol Intelligent Network Co., Ltd. (SZSE:002711) cancelled the acquisition of 60% stake in Beijing Lange E-commerce Co., Ltd. and Shanghai Yongkong Industrial Co., Ltd. on April 27, 2018. Europol Intelligent Network Co., Ltd will continue with the acquisition of Guangdong Yongtong Machinery Limited by Shares Ltd.