On June 30, 2018, TianGuang ZhongMao Co.,Ltd. (SZSE:002509) cancelled the transaction. The company’s 27th session of the 4th directorate meeting reviewed and approved the transaction. For the reason that the financial data of the company in its existing application materials needs to be updated and needs a certain working time, the board of directors approved for the company to apply for suspension of acquisition of asset through shares issuance and raising of supporting funds with China Securities Regulatory Commission. On July 10, 2018, the company received from China Securities Regulatory Commission reviewed the notice on administrative license application suspension and approved the company’s application for suspension of examination. On March 4, 2019, the company’s 35th session of the 4th directorate meeting reviewed and approved the proposal on the termination of the transaction. Company's board of directors approved the company’s application with China Securities Regulatory Commission for the termination of acquisition of asset through shares issuance and raising of supporting funds.