Foshan Shunde Oulu Investment Co., Ltd. signed the equity transfer agreement to acquire Guangdong Europol Jiujiang Steel Logistics Co., Ltd. from Europol Intelligent Network Co., Ltd. (SZSE:002711) for approximately CNY 310 million on March 14, 2017. For the year ended December 31, 2016, Guangdong Europol Jiujiang Steel Logistics Co., Ltd. reported total assets of CNY 224.0 million, net assets of CNY 167.1 million, revenue of CNY 294.7 million and net loss of CNY 0.47 million. The transaction is subject to approval by shareholders of Europol Intelligent Network Co., Ltd. The transaction has been approved by Board of Europol Intelligent Network Co., Ltd. As on March 30, 2017, the shareholders of Guangdong Europol Jiujiang Steel Logistics Co., Ltd. approved the transaction.