Lead Eastern Investment Co., Ltd. (SZSE:000673) signed the equity transfer contract to acquire 51% stake in Khorgos Yaoshixinghui Culture Media Co., Ltd. from Zeng Qiyu for CNY 2.6 million on January 11, 2017. The transaction is funded by use of self-owned funds of Lead Eastern Investment Co., Ltd. As of December 31, 2016, Khorgos Yaoshixinghui Culture Media Co., Ltd. has total assets of CNY 5.38 million and net assets of CNY 5.29 million.