Shandong Jintai Group Co., Ltd. (SHSE:600385) entered into a framework agreement to acquire Fujian Meinkind Baby Products Co., Ltd. from 18 shareholders on February 12, 2019. The transaction is approve dby the board of Shandong Jintai Group on February 12, 2019. As of June 29, 2019, the parties have completed the verification of due diligence, auditing, and evaluation of Fujian Meinkind Baby Products Co., Ltd. and further negotiation are in progress. The transaction is subject to relevant decision-making and approval procedures. Shandong Jintai Group Co., Ltd. (SHSE:600385) cancelled the acquisition of Fujian Meinkind Baby Products Co., Ltd. from 18 shareholders on August 8, 2019. As Shandong Jintai Group and the counterparties have been unable to reach an agreement on the core elements of the transaction, and believe that if this reorganization will not able to meet the expectations of both parties, the parties have agreed to terminate the transaction. The termination is approved by the Board of Shandong Jintai Group on August 8, 2019.