Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. (SHSE:600809) signed a share purchase agreement to acquire 51% stake in Shanxi Xinghuacun Fenjiu Group Wine Industry Development Zone Co., Ltd. from Shanxi Xinghuacun Fenjiu Group Co., Ltd. for approximately CNY 270 million on November 18, 2020. Within 5 working days after the agreement is effective, Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. will make a one-time payment. As of December 31, 2019, Shanxi Xinghuacun Fenjiu Group Wine Industry Development Zone Co., Ltd. recorded total assets of CNY 945.25 million, total liabilities of CNY 556.35 million, net assets of CNY 388.9 million, revenues of CNY 849.92 million, operating profit of CNY 91.63 million, total profit of CNY 91.59 million, net profit of CNY 68.22 million. As of September 30, 2020, Shanxi Xinghuacun Fenjiu Group Wine Industry Development Zone Co., Ltd. recorded total assets of CNY 581.7 million, total liabilities of CNY 158 million, net assets of CNY 423.65 million, revenues of CNY 476.58 million, operating profit of CNY 48.22 million, total profit of CNY 48.25 million, net profit of CNY 34.74 million. As of November 18, 2020, board of directors of Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. approved the deal.