Xiao Xingyi acquired 2.34% of stake in Shenzhen Soling Industrial Co.,Ltd.

Shenzhen Soling Industrial Co Ltd is a China-based company principally engaged in the research and development, manufacture, sales and provision of services of car informatic device (CID) systems. The Company's products are mainly categorized into three types, including multimedia navigation CID system, multi-functional entertainment CID system and intelligent CID system. The Company’s products are used in automotive satellite navigation and positioning, wireless communication, information entertainment, security and monitoring, automotive mobile Internet and other areas. The Company mainly operates its businesses in the domestic and overseas markets.