Changyuan Group Ltd. (SHSE:600525) agreed to acquire 20% stake in Shenzhen Taowine Industrial Co., Ltd. from Xu Jianguo and Wang Quanlin for CNY 200 million on January 7, 2016. The Board of Directors of Changyuan Group Ltd unanimously approved the transaction. As of April 1, 2016, the agreement was modified and Changyuan Group will now acquire 20% stake in Shenzhen Taowine Industrial Co., Ltd. from Xinyu Dedao Investment Management Partnership (Limited Partnership) for CNY 200 million. As of April 1, 2016, Changyuan Group will terminate the share transfer agreement with Xu Jianguo and Wang Quanlin, and will sign related agreement with the new seller Xinyu Dedao Investment Management Partnership (Limited Partnership). The change was approved by the Board of Changyuan Group. Changyuan Group Ltd. (SHSE:600525) cancelled the acquisition of 20% stake in Xinyu Dedao Investment Management Partnership (Limited Partnership) on January 7, 2017.