Gansu Yate Investment Group Company Limited agreed to acquire 8% stake in JINHUI LIQUOR Co.,Ltd. (SHSE:603919) from Hainan Yuzhu Enterprise Management Co., Ltd. for approximately CNY1.2 billion on September 2, 2022. Hainan Yuzhu Enterprise Management Co., Ltd. will pay CNY 1 billion before September 9, 2022, and CNY 192.26 million before November 10, 2022.