The board of directors of China Tontine Wines Group Limited announced that the company and Ji Yao Fang Zhou (Guangdong) Technological Company Limited has completed the setting up of the subsidiary. The new subsidiary's name is Ark Times Health Industry (Shenzhen) Group Co. Ltd. (the Ark Times).

The company holds 51% equity interest of this new subsidiary whereas Ji Yao Fang Zhou holds 49% of equity interest. Both companies would devote in developing herbal wine as health supplement products for sale, with two tailor made new herbal wine products on sale namely Fang Zhou - No. 1 and Fang Zhou - No.

2. The company carries on promoting drinking herbal wines as new concept of Happy Life and Nourish Health.