Huo Wei Sheng entered into a non-binding term sheet to acquire Xuzhou Zhongwei New Board Co., Ltd. from Asia Fashion Holdings Limited (SGX:BQI) and Li Ya Xin on July 30, 2017. Huo Wei Sheng cancelled the acquisition of Xuzhou Zhongwei New Board Co., Ltd. from Asia Fashion Holdings Limited (SGX:BQI) and Li Ya Xin on November 20, 2017.