Consumer Capital Group, Inc. (OTCPK:CCGN) signed a share exchange agreement to acquire Yin Hang Financial Information Service (Shanghai) Co., Ltd, for $2.4 million on December 1, 2016. As a part of consideration, Consumer Capital issued 4.68 million shares to Yin Hang’s shareholders. Pursuant to the terms of the agreement, all consideration shares shall be locked up for one year upon issuance and Yin Hang’s shareholders may sell up to 2% of the shares after such lock-up period. Consumer Capital will issue the acquisition shares within twenty-five business days upon completion of audit of Yin Hang by its independent registered public accountant. As of February 1, 2017, Advia expects to close the deal in the third quarter of 2017.