Xinjiang Sayram Modern Agriculture Co., Ltd (SHSE:600540) agreed to acquire 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. for approximately CNY 140 million on November 7, 2019. Xinjiang Sayram Modern Agriculture Co., Ltd is to carry out exchange of its creditor?s rights of approximately CNY 110 million in Xinjiang Wusu Xinsai Oil Co., Ltd. with Xinjiang Shuangbo Huijin Investment Co., Ltd.?s 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. Xinjiang Sayram Modern Agriculture Co., Ltd (SHSE:600540) cancelled the acquisition of 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. on November 7, 2020.