Guangdong Guanghong Holdings Co., Ltd. (SZSE:000529) agreed to acquire Guangzhou Kwangfeng Industry Co., Ltd. from Tan Jutian for CNY 430 million on September 13, 2018. The agreement is expected to be signed on March 31, 2019. Guangdong Guanghong Holdings Co., Ltd. (SZSE:000529) cancelled the acquisition of Guangzhou Kwangfeng Industry Co., Ltd. from Tan Jutian on December 18, 2019. Share Transfer Termination Agreement is signed on December 18, 2019.