Hainan Jinye Wine Industry Co., Ltd. signed an agreement to acquire Hainan Tagen Weisite Hotel Co., Ltd. from Shenzhen Tagen Group Co., Ltd. (SZSE:000090) for CNY 41.4 million on October 13, 2021. As of July 5, 2021, the board of directors of Shenzhen Tagen Group approved the transaction.