Jiangsu Wuyang Parking Industry Group Co.,Ltd. agreed to acquire Chongqing Yingduoduo Business Administration Co., Ltd. from Chongqing Diwei Beauty Crown Investment Co., Ltd. for CNY 30 million.

Jiangsu Wuyang Automation Control Technology Co Ltd, formerly Jiangsu Wuyang Parking Industry Group Co Ltd, is a China-based company principally engaged in the research and development, design, production and sale of bulk materials handling devices and related equipment. The Company's manufacturing business includes core bulk material handling equipment, mechanical parking equipment, automated production line equipment, intelligent logistics and warehousing systems, two-station and machine-made sand equipment. The Company's investment and operation business includes urban parking resource acquisition and parking lot operation and management.