Beijing Shunxin Holding Group Co., Ltd signed an agreement to acquire Beijing Shunxin Innovation International Logistics Co., Ltd. from Beijing Shunxin Agriculture Co., Ltd. (SZSE:000860) for CNY 10.1 million on January 11, 2016. After the transaction, Beijing Shunxin Holding Group will hold 100% stake in Beijing Shunxin Innovation International Logistics. The board of directors of Beijing Shunxin Agriculture approved the transaction on January 11, 2016. Beijing Shunxin Holding Group Co., Ltd. cancelled the acquisition of Beijing Shunxin Innovation International Logistics Co., Ltd. from Beijing Shunxin Agriculture Co., Ltd. (SZSE:000860) on January 11, 2017.