Hunan Zhongzhan Red Forest Forestry Industry M&A Equity Investment Enterprise (Limited Partnership) cancelled the acquisition to acquire 20 companies from Kaidi Ecological and Environmental Technology Co., Ltd..

Hunan Zhongzhan Red Forest Forestry Industry M&A Equity Investment Enterprise (Limited Partnership) signed a share transfer agreement to acquire 20 companies from Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) for CNY 3.2 billion on September 27, 2018. The transaction is subject to the approval of the shareholders of Kaidi Ecological and Environmental Technology Co., Ltd. On September 27, 2018, the transaction was approved by the Board of Directors of Kaidi Ecological and Environmental Technology Co., Ltd. Hunan Zhongzhan Red Forest Forestry Industry M&A Equity Investment Enterprise (Limited Partnership) cancelled the acquisition to acquire 20 companies from Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) on September 27, 2019.