Shanghai Zhengshibo Enterprise Management Partnership (Limited Partnership) signed Share Transfer Agreement to acquire 5.6% stake in Hongbo Co., Ltd. from You Lijuan for approximately CNY 180 million.

HONGBO CO., LTD. is a China-based company principally engaged in the printing of commercial bills. The Company's main products are heat sensitive paper tickets, general paper tickets and packaging office used paper products, including tax bill series, certificate series, lottery ticket series, direct mail series, flat adhesive sticker labels, roll adhesive sticker labels, books and magazines, liquor box packages, food packages, cosmetics packages, as well as medicine packages, among others. The Company distributes its products within domestic and overseas markets.