Beijing Huigong Digital Cinema Line Management Co., Ltd. signed an agreement to acquire 18.9% in Beijing Magic Colour Technology Co., Ltd. from Lead Eastern Investment Co., Ltd. (SZSE:000673) for CNY 75 million on March 23, 2018. As per terms, CNY 10 million will be paid within 2 days and balance will be paid within 15 days of signing of contract. As on September 30, 2017, Beijing Magic Colour Technology Co., Ltd. reported total assets of CNY 300.2 million and net assets of CNY 226.9 million. On March 23, 2018, the Board of Directors of Lead Eastern Investment Co., Ltd. approved the deal. The transaction will complete within 45 days from completion of payment. Beijing Huigong Digital Cinema Line Management Co., Ltd cancelled the acquisition of 18.9% in Beijing Magic Colour Technology Co., Ltd. from Lead Eastern Investment Co., Ltd. (SZSE:000673) on March 23, 2019.