China Green (Holdings) Limited (SEHK:904) entered into a memorandum of understanding to acquire an unknown stake in Anhui Fu Lao Wine Development Company Limited from Chen Jun Wei on May 17, 2019. China Green (Holdings) Limited shall pay a deposit through the issuance of its 69.4 million shares within 10 days after the signing of the memorandum of understanding. The specific percentage of equity interest to be acquired by China Green (Holdings) Limited is subject to further negotiation between the parties. The transaction is subject to entering into the formal agreement, completion of due diligence review, compliance with all the necessary approval procedures, all approvals, recordation and registration with the relevant regulatory authorities be completed. The deposit payable is subject to the grant of the listing and permission to deal in such shares by the Stock Exchange of Hong Kong Limited. The long stop date for the transaction shall be November 16, 2019. China Green (Holdings) Limited (SEHK:904) cancelled the acquisition of an unknown stake in Anhui Fu Lao Wine Development Company Limited from Chen Jun Wei on November 18, 2019.