Fortune Ng Fung Food Co.,Ltd signed the equity transfer agreement to acquire Sanhe Xingrong Agricultural Development Co., Ltd. from Fucheng Investment Group Co., Ltd., Gao Chao, Wang Huanqi, and Han Zhipeng for CNY 8 million.

Fortune Ng Fung Food (Hebei) Co., Ltd is a China-based company, principally engaged in livestock breeding and slaughtering, and food processing businesses. The company's main products include aged beef, fresh milk products, deep processing meat, cooked food processing and quick-frozen food. The Company also provides food and beverage services, and funeral services. The Company conducts its businesses mainly in domestic markets.