Great Wall International ACG Co., Ltd. (SZSE:000835) signed an agreement to acquire Zhejiang New Great Wall Animation Co., Ltd. from Tao Jiangjun for CNY 20 million on April 27, 2017. For the year ended December 31, 2016, Zhejiang New Great Wall Animation Co., Ltd. reported total assets of CNY 11.9 million, net assets of CNY 11.7 million, operating revenues of CNY 1.3 million, operating loss of CNY 4.2 million and net loss of CNY 3.8 million. Great Wall International ACG Co., Ltd. (SZSE:000835) cancelled the acquisition of Zhejiang New Great Wall Animation Co., Ltd. from Tao Jiangjun on April 27, 2018.