Li Shibiao and Hu Guohong signed an equity transfer agreement to acquire Jinhua Hanbang Food Co., Ltd. from Jinzi Ham Co.,Ltd. (SZSE:002515) for CNY 5.5 million on January 11, 2016. The consideration will be paid in cash. Jinhua Hanbang Food had total assets of CNY 7.88 million, net assets of negative CNY 0.31 million, revenues of CNY 1.05 million, operating loss of CNY 0.91 million and net loss of CNY 0.98 million in 2015. The deal does not require the approval of shareholders of Jinzi Ham Co. On January 11, 2016, Jinzi Ham's Directorate approved the transaction. Li Shibiao and Hu Guohong cancelled the acquisition of Jinhua Hanbang Food Co., Ltd. from Jinzi Ham Co.,Ltd. (SZSE:002515) on January 11, 2017.