Guangxi Xinze Huanfeng Investment Partnership (Limited Partnership) agreed to acquire 75% stake in Yuanfeng Sugar Industrial Co., Ltd. from Nanning Sugar Industry Co.,Ltd. (SZSE:000911) for CNY 1 on December 18, 2019. On December 19, 2019, Nanning Sugar Industry received the equity transfer payment of CNY 1 from the transferee transferred from the equity exchange. The transaction was approved by Nanning Sugar Industry Co.,Ltd. Guangxi Xinze Huanfeng Investment Partnership (Limited Partnership) completed the acquisition of 75% stake in Yuanfeng Sugar Industrial Co., Ltd. from Nanning Sugar Industry Co.,Ltd. (SZSE:000911) on January 3, 2020.