Liu Dequn agreed to acquire seafood breeding assets from Dalian Yi Qiao Sea Cucumber Co., Ltd. (SZSE:002447) for CNY 1.6 billion on August 28, 2017. On September 5, 2017, Liu Dequn and Dalian Yi Qiao Sea Cucumber Co., Ltd. signed the conditional agreement. Liu Dehong will acquire assets and debt. On September 22, 2017, Liu Dequn and Dalian Yi Qiao Sea Cucumber Co., Ltd. signed supplemental agreement. On March 15, 2019, Dalian Morningstar Network Technology Co., Ltd. and Liu Dequn entered into supplementary agreement which is approved by the Board of Directors of Dalian Morningstar Network Technology Co., Ltd. Under the terms of supplementary agreement, second installment of CNY 100 million to be paid on or before June 30, 2019 and Third installment of CNY 300 million to be paid on or before December 31, 2019. Liu Dequn must sufficiently pay all the remaining payment of CNY 370.85 million and the interests incurred for the period to the Dalian Morningstar Network Technology Co., Ltd's designated bank account before December 31, 2020. If by December 31, 2020, there is still a portion of the amount due that is not completely paid, Liu Dequn will have to pay Dalian Morningstar Network Technology Co., Ltd. penalty fee for late payment starting from January 1, 2021 until all the transaction price has been completely paid. The date of payment for the first cash compensation has been revised from October 12, 2017 to November 21, 2017. The transaction is subject to approval from the shareholders of Dalian Yi Qiao Sea Cucumber Co., Ltd. The transaction was considered and approved in the staff placement program on August 28, 2017 by the listed company workers congress. The announcement of the reorganization plan and related proposals was examined and approved at the 33rd meeting of the 3rd Board of Directors of the Company on September 6, 2017. The transaction does not need to be submitted to the CSRC for examination. On September 22, 2017, the transaction was approved by the 34th session of 3rd directorate meeting of Dalian Yi Qiao Sea Cucumber Co., Ltd. On October 11, 2017, the transaction is approved by the shareholders of Dalian Yi Qiao Sea Cucumber Co., Ltd. On November 17, 2017, Liu Dequn has paid its initial payment of CNY 800 million. As of present, the 2nd and 3rd payments of CNY 100 million and CNY 300 million which should have been paid in year 2018 by Liu Dequn have not yet been paid; while the remaining amount of CNY 370.85 million is to be due on end of year 2019. Zhongtai Securities Co., Ltd. acted as financial advisor to Dalian Yi Qiao Sea Cucumber Co., Ltd. Deheng Law Offices acted as legal advisor and Grant Thornton Certified Public Accountants (Special General Partnership) acted as accountant to Dalian Yi Qiao Sea Cucumber Co., Ltd. Liu Dequn cancelled the acquisition of seafood breeding assets from Dalian Yi Qiao Sea Cucumber Co., Ltd. (SZSE:002447) on August 28, 2018.