Chinadive Watersports Inc. (SZSE:300526) entered into an agreement to acquire Shenzhen Xianglv International Travel Services Co., Ltd. from Shenzhen Juemeng Management Advisory Co., Ltd. for CNY 0.3 million on April 23, 2018. Shenzhen Xianglv International Travel Services Co., Ltd. reported total assets of CNY 1.5 million and net liabilities of CNY 0.28 million as at December 31, 2017. For the year ended December 31, 2017, Shenzhen Xianglv International Travel Services Co., Ltd. reported revenues of CNY 0.38 million and net loss of CNY 0.08 million. The transaction has been approved in the 14th meeting of the 3rd Directorate of Chinadive Watersports Inc. on April 23, 2018, and does not need its shareholders’ approval.