Greatbo Industrial Limited agreed to acquire Shanghai Yamato Fashion Co., Ltd. from Yamato International Inc. (TSE:8127) for approximately CNY 2.2 million on January 11, 2019. For the year ended December 2017, Shanghai Yamato Fashion reported net assets of CNY 24.9 million, total assets of CNY 24.6 million, sales of CNY 68.1 million, operating loss of CNY 19.8 million and net loss of CNY 19.8 million. The board of directors of Yamato International resolves the transaction on January 11, 2019.