Dehe Shanmei (Beijing) Investment Co., Ltd. entered into an agreement to acquire Shanghai CITIC Guoan Vine Co., Ltd. from CITIC Guoan Wine Co., Ltd. (SHSE:600084) for CNY 93.9 million on December 31, 2012. Of the total consideration, the share transfer price amounts to CNY 36.59 million and Shanghai Citic Guoan Wine Industry Co., Ltd's creditor's rights in subsidiary, Xinjiang Citic Guoan Wine Industry Co., Ltd. amounting to CNY 57.27 million. Under the terms of the transaction, Dehe Shanmei will pay 70% of the transaction price before December 31, 2012, and will pay the remaining balance before March 31, 2013.

The Board of Directors of CITIC Guoan Wine Co., Ltd. approved the transfer of stake in Shanghai CITIC Guoan Vine Co., Ltd. and publicly listed the stake on Shanghai United Assets and Equity Exchange for sale on October 23, 2012.