Li Wenke signed an agreement to acquire 6% stake in Zhengzhou Wanfu Microfinance Co., Ltd. from Henan Tong-da Cable Co., Ltd. (SZSE:002560) for CNY 9.3 million on May 31, 2016. Post this transaction Henan Tong-da Cable Co., Ltd. will hold 45% stake in Zhengzhou Wanfu Microfinance Co., Ltd. For the year ended March 31, 2016, Zhengzhou Wanfu Microfinance Co., Ltd. reported total assets of CNY 162.3 million, revenue of CNY 0.4 million, operating loss of CNY 0.6 million and net loss of CNY 0.6 million. The deal is subject to approval from board of directors of Henan Tong-da Cable Co., Ltd. and is approved by them. Li Wenke cancelled the acquisition of 6% stake in Zhengzhou Wanfu Microfinance Co., Ltd. from Henan Tong-da Cable Co., Ltd. (SZSE:002560) effective January 6, 2017. Luoyang Jinyun Industrial Co., Ltd. completed the acquisition of Henan Tong-Da Cable's entire 51% stake in Zhengzhou Wanfu Microfinance Co., Ltd. recently.