Zhejiang Mingpai Calillo Jewelry Co., Ltd. signed an agreement to acquire 0.17% stake in Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co. Ltd. from Shaoxing County Fansheng Fibre Co., Ltd. for CNY 13 million on August 22, 2015. Mingpai Calillo will use its own funds to acquire 2.16 million sahres in Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co., Ltd. at a price of CNY 6.05 per share.

As of December 31, 2014, Ruifeng Bank's total assets is CNY 73.37 billion, total liabilities is CNY 66.58 billion, owner's equity is CNY 6.79 billion, net profit is CNY 867 million.