Xinjiang Yilite Industry Co. Ltd. (SHSE:600197) signed an equity transfer framework agreement to acquire Yili Shorbulaq Liquor Industry Co., Ltd. from its shareholders on September 28, 2018. 11th meeting of the 7th directorate of Xinjiang Yilite Industry approved the deal. Xinjiang Yilite Industry Co. Ltd. (SHSE:600197) cancelled the acquisition of Yili Shorbulaq Liquor Industry Co., Ltd. from its shareholders on September 28, 2019.