Asia Fishing Port (Dalian) Seafood Food Co., Ltd. agreed to acquire Dalian Shinzhong Marine Product Food Limited Company and 90% stake in New China Japan Co., Ltd. from Zoneco Group Co., Ltd. (SZSE:002069) for approximately CNY 230 million on August 27, 2019. For the year ended December 31, 2018, Dalian Shinzhong Marine Product Food Limited Company and New China Japan Co., Ltd. has total assets of CNY 272 million, net assets of CNY 209.3 million and Equity attributable to equity holders of CNY 208.4 million. In 2018, it has revenue of CNY 320.9 million and net profit of CNY 11.7 million. Transaction is subject to Zoneco Group Co., Ltd. and Asiasea Co., Ltd shareholders approval and Other procedures required by the Shenzhen Stock Exchange. On August 27, 2019, Asiasea Co., Ltd., parent of Asia Fishing Port (Dalian) Seafood Food Co., Ltd. held the 13th meeting of the first directorate and decided to agree to the acquisition. On August 27, 2019, Zoneco Group Co., Ltd. held the fourth meeting of the seventh directorate to deliberate and approve the transaction. Asia Fishing Port (Dalian) Seafood Food Co., Ltd. cancelled the acquisition of Dalian Shinzhong Marine Product Food Limited Company and 90% stake in New China Japan Co., Ltd. from Zoneco Group Co., Ltd. (SZSE:002069) on August 27, 2020.