Jiang Guoxiang won the bid to acquire 5.376% stake in Sichuan Huiyuan Optical Communication Co., Ltd. from Guangzhou Huifu Qiji Investment Partnership (Limited Partnership) managed by Guangzhou Huiyin Aofeng Equity Investment Fund Management Co for CNY 129.7 million.

SICHUANHUIYUANOPTICAL COMMUNICATIONS CO., LTD. is a China-based company principally engaged in the communication business. The Company's main business includes engineering and system integration business, as well as optical fiber, optical cable and related products business. The communication engineering and system integration business mainly includes the provision of communications equipment and ancillary products for telecom operators, as well as the provision of information system software development, engineering design, system integration and related services. The optical fiber, optical cable and related products business mainly includes the sales of power optical cable and ordinary optical cable, as well as the provision of related installation, maintenance and technical consulting services.