Asia Investment Finance Group Limited (SEHK:33) signed a non-legally binding memorandum of understanding to acquire China Universities Media Limited on January 10, 2018. The consideration of the acquisition shall be subject to further negotiation. Asia Investment Finance Group Limited will enter into a formal sale and purchase agreement within six months from the date of the memorandum of understanding, upon satisfaction with the results of the due diligence on China Universities Media Limited. As of July 17, 2018, Asia Investment Finance Group Limited entered into a supplemental memorandum of understanding to extend the period of exclusivity to one month from the execution of the supplemental memorandum of understanding. Asia Investment Finance Group Limited (SEHK:33) cancelled the acquisition of China Universities Media Limited on January 17, 2019.