Li Xiaohua and Xin Zhigang cancelled the acquisition of 33% in Liaoning Denghai Seeds Co., Ltd. from ShanDongDenghai Seeds Co.,LTD.

Li Xiaohua and Xin Zhigang signed an agreement to acquire 33% in Liaoning Denghai Seeds Co., Ltd. from ShanDongDenghai Seeds Co.,LTD (SZSE:002041) for CNY 1.7 million on March 7, 2017. Under the terms, Li Xiaohua will acquire 26% stake for CNY 1.3 million and Xin Zhigang will acquire 7% stake for CNY 0.35 million. The Board of Directors of ShanDongDenghai Seeds Co.,LTD approved the deal. The deal does not require approval from shareholders of ShanDongDenghai Seeds Co., Ltd. Li Xiaohua and Xin Zhigang cancelled the acquisition of 33% in Liaoning Denghai Seeds Co., Ltd. from ShanDongDenghai Seeds Co.,LTD (SZSE:002041) on March 7, 2018.