Henan Yinge Industrial Investment Co.,Ltd. (SHSE:600069) signed a letter of intent to acquire Beijing Mingya Insurance Brokers Ltd. from Ningbo Meishan Bonded Port Area Jiashan Asset Management Partnership (Limited Partnership) on February 22, 2018. The transaction is still in planning stage and no final decision has been made yet. It is expected that the consideration will be paid in cash. The transaction does not need approval from the State-owned assets management department. First Capital Investment Banking Co., Ltd. acted as financial advisor, Global Law Office acted as legal advisor and BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant for Henan Yinge Industrial Investment Co.,Ltd. Henan Yinge Industrial Investment Co.,Ltd. (SHSE:600069) cancelled the acquisition of Beijing Mingya Insurance Brokers Ltd. from Ningbo Meishan Bonded Port Area Jiashan Asset Management Partnership (Limited Partnership) on February 22, 2019.