Jinhua Bozhi Information Consulting Services Co., Ltd signed share disposal agreement to acquire Bus-Online Technology Co., Ltd. from Bus Online Co., Ltd. (SZSE:002188) for CNY 1 on December 7, 2018. As on April 14, 2020, Lu Min plans to transfer all rights and obligations in the acquisition of Bus-Online Technology Co., Ltd 100% stake to Jinhua Bozhi Information Consulting Services Co., Ltd. During the financial year ended December 31, 2017, Bus-Online Technology Co., Ltd reported total assets of CNY 483.03 million, net assets of CNY 222.8 million, revenue of CNY 451.4 million, operating loss of CNY 72.9 million and net loss of CNY 87.2 million. The transaction has been approved by the Board of Directors of Bus Online. On December 24, 2018, Bus Online reviewed and approved the transaction at the 2018 4th Extraordinary Shareholders' Meeting. As of March 24, 2020, the restricted situation on the shares of Bus-Online Technology Co., Ltd. has not been eliminated, and the share transfer has not yet been completed. As on April 14, 2020, the change of buyer of the major asset disposal is subject to Bus Online Co., Ltd shareholder approval. The board of Bus Online Co., Ltd approved the change of buyer of the major asset disposal on April 13, 2020. Wang Jianguo, Qiu Yonqiang of Sinolink Securities Co., Ltd. (SHSE:600109) acted as financial advisors, Yu Tingting, Hu Zhenbiao, Wu Enhui of Grandall Law Firm acted as legal advisors and Ren Cheng, Xu Jianfeng of Zhonghui Certified Public Accoutants Co., Ltd. acted as accountants for Bus Online Co., Ltd. Jinhua Bozhi Information Consulting Services Co., Ltd completed the acquisition of Bus-Online Technology Co., Ltd. from Bus Online Co., Ltd. (SZSE:002188) on March 9, 2021.