Henan Xinye Textile Co., Ltd. (SZSE:002087) agreed to acquire remaining 42% stake in Xinjiang Yuhua Textile Technology Co., Ltd. from Kaifeng Yinhai Cotton Co., Ltd for CNY 49.4 million on October 20, 2014. As of August 31, 2014, Xinjiang Yuhua Textile Technology has total assets of CNY 0.01 million and net assets of CNY 9,005.43. Henan Xinye Textile 's General Manager's Office approved the transaction. The transaction does not require the approval from Board of Directors and stockholders.

Henan Xinye Textile Co., Ltd. (SZSE:002087) cancelled the acquisition of remaining 42% stake in Xinjiang Yuhua Textile Technology Co., Ltd. from Kaifeng Yinhai Cotton Co., Ltd on October 20, 2015.