Henan Kedi Dairy Co., Ltd. (SZSE:002770) agreed to acquire Henan Kedi Frozen Foods Co., Ltd. from Kedi Foods Group Co., Ltd., Zhongyuan Asset Management Co.,Ltda and others for CNY 1.8 billion on April 18, 2019. Henan Kedi Dairy Co., Ltd. (SZSE:002770) will issue 471.3 million shares in consideration. For the year ended December 31, 2018, Henan Kedi Frozen Foods Co., Ltd has total assets of CNY 1.2 billion, owners’ equity of CNY 392.2 million, net profit of CNY 93 million and revenue of CNY 602 million. Transaction is subject to another directorate meeting of Henan Kedi Dairy Co., Ltd. to examine proposals related to this transaction after the issuance of transaction target audit and appraisal report, shareholders’ meeting of Henan Kedi Dairy Co., Ltd. to review and approve this transaction plan and China Securities Regulatory Commission approval. On April 15, 2019, Henan Kedi Frozen Foods Co., Ltd convened a shareholders’ meeting which approved for all shareholders to transfer 100% stake in Henan Kedi Frozen Foods Co., Ltd to Henan Kedi Dairy Co., Ltd. On April 16, 2019 the company’s 13th session of the 3rd directorate meeting reviewed and approved this transaction matters. Central China Securities Co., Ltd acted as independent financial advisor for Henan Kedi Dairy Co., Ltd. (SZSE:002770) in the transaction. Henan Kedi Dairy Co., Ltd. (SZSE:002770) cancelled the acquiistion ofHenan Kedi Frozen Foods Co., Ltd. from Kedi Foods Group Co., Ltd., Zhongyuan Asset Management Co.,Ltd and others on April 18, 2020.