Shandong Jintai Group Co., Ltd. (SHSE:600385) entered into a framework agreement to acquire Fujian Meinkind Baby Products Co., Ltd. from 18 shareholders on February 12, 2019. The transaction is approve dby the board of Shandong Jintai Group on February 12, 2019. As of June 29, 2019, the parties have completed the verification of due diligence, auditing, and evaluation of Fujian Meinkind Baby Products Co., Ltd. and further negotiation are in progress. The transaction is subject to relevant decision-making and approval procedures.