Fang Yunzhou signed an agreement to acquire 4.8% stake in Zhejiang Hozon New Energy Automobile Co., Ltd. from Hongli Zhihui Group Co., Ltd. (SZSE:300219) for CNY 80 million on September 25, 2017. Under the terms of transaction, Fang Yunzhou will pay CNY 80 million within five working days after the signing of this agreement. The final completion of the equity transfer shall be subject to the registration formalities for industrial and commercial registration and shall be subject to the date of completion of the transfer. Fang Yunzhou cancelled the acquisition of 4.8% stake in Zhejiang Hozon New Energy Automobile Co., Ltd. from Hongli Zhihui Group Co., Ltd. (SZSE:300219) on September 25, 2018.