Global Consumer Products (Hainan) Trading Co., Ltd. intends to acquire 45% stake in Hainan Haikong Duty Free Group Co., Ltd. from Hainan Development Holdings Nanhai Co., Ltd. (SZSE:002163) for CNY 13.5 million on January 23, 2021. Hainan Development Holdings Nanhai Co., Ltd. will sign an equity transfer agreement with Global Consumer Products (Hainan) Trading Co., Ltd. for the transaction. The seventh session of the seventh Directorate of Hainan Development Holdings Nanhai Co., Ltd. (SZSE:002163) deliberated and approved the proposal. The transaction does not need to be reviewed by the shareholders' meeting.