Nanfang Black Sesame Group Co., Ltd. (SZSE:000716) agreed to acquire 31.86% stake in Guangxi Guangtou Guoyi Investment Co., Ltd. from Wang Xuehui for CNY 1 on April 3, 2020. In related transactions will carry out capital increase of CNY 12 million in Guangxi Guangtou Guoyi Investment Co., Ltd., all amount will be included in the registered capital. For the year ending December 31, 2019, total asset, net asset, revenue and net loss of Guangxi Guangtou Guoyi Investment Co., Ltd. was approximately CNY 130 million, approximately CNY 110 million, CNY 0 million and CNY 0.6 million respectively. The transaction was approved by the board of directors of Nanfang Black Sesame Group Co., Ltd. at 4th special meeting of 9th directorate and do not require the shareholders approval. Nanfang Black Sesame Group Co., Ltd. (SZSE:000716) cancelled the acquisition of 31.86% stake in Guangxi Guangtou Guoyi Investment Co., Ltd. from Wang Xuehui on April 3, 2021.