Shang Hai MMY Trading Co., Ltd. agreed to acquire Kelong Fengsu Shanghai Trade Co., Ltd. from Crops Corporation (TSE:9428) for CNY 1 in cash on October 30, 2014. Kelong Fengsu Shanghai Trade reported net assets of ¥56.55 million (CNY 3.39 million ), total assets of ¥110.06 million (CNY 6.6 million ), sales of ¥111.06 million (CNY 6.66 million), operating loss of ¥68.42 million (CNY 4.1 million), ordinary loss of ¥66.52 million (CNY 3.99 million) and net loss of ¥66.52 million (CNY 3.99 million) for the year ended March 31, 2014. The transaction is subject to approval from Industrial and Commercial Bureau. The Board of Directors of Crops Corporation resolved the deal. The share transfer contract conclusion date is October 31, 2014. The transaction is expected to be completed by December 31, 2014. Currency conversion was done through oanda.com as of March 31, 2014.

Shang Hai MMY Trading Co., Ltd. completed the acquisition of Kelong Fengsu Shanghai Trade Co., Ltd. from Crops Corporation (TSE:9428) on January 30, 2015.