Henan Kedi Dairy Co.,Ltd. (SZSE:002770) agreed to acquire Henan Kedi Quick Frozen Food Co., Ltd. from Zhongyuan Asset Management Co., Ltd., Kedi Foods Group Co., Ltd. and others for CNY 1.4 billon on April 16, 2019. Henan Kedi Dairy Co.,Ltd. will acquire 0.03 million shares. For the year ended December 31, 2018, Henan Kedi Quick Frozen Food Co., Ltd. reported total assets of CNY 1.19 billion, total common equity of CNY 392.17 million, EBIT of CNY 601.82 million and net income of CNY 93.1 million. The transaction is subject to approval from shareholders of Henan Kedi Dairy Co.,Ltd. and regulatory approval. The transaction is approved by Board of Directors of Henan Kedi Dairy Co.,Ltd.