Suqian Xinxing Investment Co., Ltd. signed the asset sale agreement to acquire Stake in 4 Companies and Early Childhood Education Assets from Jiangsu Xiuqiang Glasswork Co., Ltd. (SZSE:300160) for approximately CNY 280 million on June 12, 2019. Consideration to be paid in cash. For the year ended December 31, 2018, 4 Companies and Early Childhood Education Assets has total assets of CNY 755.5673 million, net assets of CNY 423.138 million. In 2018, 4 Companies and Early Childhood Education Assets has revenue of CNY 410.2183 million and net loss of CNY 429.4489 million. The transaction is subject to approval from Jiangsu Xiuqiang Glasswork Co., Ltd. shareholders. On June 12, 2019, Jiangsu Xiuqiang Glasswork Co., Ltd. held its 4th directorate’s 7th meeting and its 4th supervisory board’s 7th meeting and approved the transaction. Suqian Xinxing Investment Co., Ltd. cancelled the acquisition of Stake in 4 Companies and Early Childhood Education Assets from Jiangsu Xiuqiang Glasswork Co., Ltd. (SZSE:300160) June 12, 2020.