Truking Technology Limited (SZSE:300358) signed an agreement to acquire remaining 66.25% stake in Chutian Asset Management (Changsha) Co., Ltd. from Changsha Truking Investment Group Co., Ltd. and Hunan Pengpai Equity Investment Management Services Co. for approximately CNY 600 million on April 24, 2020. As per terms, Changsha Truking Investment Group Co., Ltd. will receive approximately CNY 480 million of which approximately CNY 228 million in shares at CNY 5.75 per share of approximately 39.9 million shares, CNY 50 million in bonds at conversion price of CNY 5.75 and CNY 200 millions in cash and Hunan Pengpai Equity Investment Management Services Co. will receive approximately CNY 122 million in shares at CNY 5.75 per shares of approximately 21.3 million shares as a consideration. The transaction will be financed by raising the supporting fund not exceeding CNY 400 million though private placement of shares and corporate convertible bonds which was approved by the board of directors of Truking Technology Limited on December 16, 2019. The transaction is subject to the approval of shareholders of Truking Technology Limited and China Securities Regulatory Commission. The revised plan has been approved by the shareholders of Truking Technology Limited on June 8, 2020. The revised plan 2 has been approved by the board of directors of Truking Technology Limited on June 28, 2020. As of October 9, 2020, China Securities Regulatory Commission approved the transaction. Ran Yun, Zheng Yuexiang, Li Wei and Li Jiangshui of Sinolink Securities Co., Ltd. (SHSE:600109) acted as a financial advisor and Ding Shaobo, Liu Zhongming and Wen Libing of Hunan Qiyuan Law Firm acted as a legal advisor to Truking Technology Limited. Li Dan, Zhang Jin and Yang Guang of PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership), Shi Wenxian, Cai Yongguang and Zhang Wenqi of Zhongshen Zhonghuan Certified Public Accountants (Special General Partnership) acted as auditors and Li Yingfeng, Chen Shijie and Li Qingrong of Beijing Yachao Asset Evaluation Co., Ltd. acted as an evaluator of Chutian Asset Management (Changsha) Co., Ltd. Mazars Certified Public Accountants LLP acted as accountant to Truking Technology Limited. Truking Technology Limited (SZSE:300358) completed the acquisition of 66.25% stake in Chutian Asset Management (Changsha) Co., Ltd. from Changsha Truking Investment Group Co., Ltd. and Hunan Pengpai Equity Investment Management Services Co. on October 13, 2020. Chutian Asset Management (Changsha) Co., Ltd. has become a wholly owned subsidiary of Truking Technology Limited.