BIQI International Holding Corporation (OTCPK:BIQI.F) entered into an agreement to acquire 40% stake in Dalian Lianhui Hotel Co., Ltd. for CNY 33.4 million on January 6, 2019. Board of Directors of Renmin Tianli Group, Inc. approved the transaction. Renmin Tianli Group, Inc. will issue 4 million shares as consideration. BIQI International Holding Corporation (OTCPK:BIQI.F) cancelled the acquisition of 40% stake in Dalian Lianhui Hotel Co., Ltd. on January 6, 2020.