According to Harmony Auto's official WeChat account, on November 4th, China Harmony Auto Holdings Limited officially signed an asset transfer agreement with Le Coq Auto Company, investing 0.15 billion Hong Kong dollars to acquire all Byd Company Limited stores owned by Le Coq Auto. Subsequently, Harmony Auto will uniformly operate Byd Company Limited's passenger vehicle business. Harmony Auto promises that all original Byd Company Limited stores owned by Le Coq Auto will continue normal operations, the original store staff will re-sign employment contracts with Harmony Auto, Le Coq Auto's original commitments to customers remain unchanged, all car purchase deposits already paid to Le Coq Auto will remain valid, and will be handled by the original salespersons (after becoming Harmony Auto employees), who will contact customers to arrange the signing of new sales contracts with Harmony Auto.