Luo Aihua entered into an agreement to acquire Riverway Development Limited from Shenzhen Kingkey Smart Agriculture Times Co., Ltd. (SZSE:000048) for CNY 2.1 billion (HKD 2.3 billion) on April 13, 2020. Under the terms, Riverway reported total assets of HKD 25.2 million, net assets of HKD 5.9 million, revenue of HKD 0 and net loss of HKD 0.01 million. The transaction is subject to approval from the shareholders of Shenzhen Kingkey. The transaction has been approved by the board of Shenzhen Kingkey on April 13, 2020. Luo Aihua cancelled the acquisition of Riverway Development Limited from Shenzhen Kingkey Smart Agriculture Times Co., Ltd. (SZSE:000048) on April 13, 2021.