Anhui Gujing Distillery Co., Ltd. (SZSE:000596) has reached a preliminary intent to acquire unknown stake in Anhui Mingguang Wine Industry Co., Ltd. on November 16, 2020. Anhui Gujing Distillery Co., Ltd. shall conduct due diligence and audit evaluation on Mingguang Liquor Industry Anhui Gujing Distillery Co., Ltd. (SZSE:000596) completed the acquisition of 60% stake in Anhui Mingguang Wine Industry Co., Ltd. for CNY 200.2 million on January 8, 2021. As of January 8, 2021, the transaction has been approved by state-owned asset management department.