Panshi Luye Food Co., Ltd agreed to acquire Chongqing Beer Anhui Jiuhuashan Co., Ltd. from Chongqing Brewery Co.Ltd (SHSE:600132) for CNY 22 million on February 21, 2017. Under the terms of the transaction, the equity transfer price is CNY 10 and the creditor’s rights price is CNY 22 million. The transaction is approved by the Board of Directors of Chongqing Brewery Co.Ltd. on February 21, 2017. Panshi Luye Food Co., Ltd cancelled the acquisition of Chongqing Beer Anhui Jiuhuashan Co., Ltd. from Chongqing Brewery Co.Ltd (SHSE:600132) on February 21, 2018.