Hemei United II (Shenzhen) Consumer Goods Investment Center (Limited Partnership) signed an equity transfer agreement to acquire 29.99% stake in Shenzhen Hemei Group Co., Ltd. (SZSE:002356) from Hon Kiu Machine Factory Limited for approximately CNY 910 million on March 1, 2019. Hemei United II (Shenzhen) Consumer Goods Investment Center (Limited Partnership) will acquire 158.3 million shares of Shenzhen Hemei Group at CNY 5.78 per share. Hemei United II (Shenzhen) Consumer Goods Investment Center (Limited Partnership) cancelled the acquisition of 29.99% stake in Shenzhen Hemei Group Co., Ltd. (SZSE:002356) from Hon Kiu Machine Factory Limited on March 1, 2020.