Northern United Publishing & Media (Group) Company Limited (SHSE:601999) entered into a letter of intent to acquire 21.13% stake in Liaoning Xinhua Printing Co.,Ltd from Liaoning Industrial (Venture) Investment Fund Management Center for CNY 20 million on December 8, 2020. As of September 30, 2020, Liaoning Xinhua Printing Co.,Ltd reported total assets of CNY 202.22 million, net assets of CNY 129.22 million, total revenue of CNY 159.43 million, and net profit of CNY 12.8 million. As of December 7, 2020, the transaction was approved at the tenth meeting of the Northern United Publishing & Media (Group) Company Limited's third directorate and does not need to be submitted to the shareholders meeting for approval.