Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) signed an intent agreement to acquire 55% stake in Shandong Fresh & Fine Food Group Co., Ltd. on October 15, 2014. The acquisition will be carried through capital increase and acquisition of stake. For the year ending December 31, 2013, Shandong Fresh & Fine Food Group had total assets of CNY 716 million, net assets of CNY 302 million, operating revenues of CNY 335 million and net profit of CNY 39 million.

Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) cancelled the acquisition of 55% stake in Shandong Fresh & Fine Food Group Co., Ltd. on October 15, 2015.