Wuxi Zhifang Hagong Robot Investment Enterprise (Limited Partnership) and Wuxi Lianchuang Artificial Intelligence Investment Enterprise (Limited Partnership) signed the share transfer agreement to acquire 29.9% stake in Jiangsu Youli Investment Holding Co., Ltd. (SZSE:000584) from Jiangsu Shuangliang Science and Technology Limited for CNY 3.2 billion on December 29, 2016. Under the terms of the transaction Wuxi Zhifang Hagong Robot Investment Enterprise (Limited Partnership) will acquire 18.6% stake for CNY 2.02 billion and Wuxi Lianchuang Artificial Intelligence Investment Enterprise (Limited Partnership) will acquire 11.3% stake for CNY 1.22 billion in Jiangsu Youli Investment Holding Co., Ltd. Post completion, Jiangsu Shuangliang Science and Technology Limited will hold 3.2% stake in Jiangsu Youli Investment Holding Co., Ltd. Wuxi Zhifang Hagong Robot Investment Enterprise (Limited Partnership) and Wuxi Lianchuang Artificial Intelligence Investment Enterprise (Limited Partnership) completed the acquisition of 29.9% stake in Jiangsu Youli Investment Holding Co., Ltd. (SZSE:000584) from Jiangsu Shuangliang Science and Technology Limited on January 20, 2017.