Hunan TV & Broadcast Intermediary Co., Ltd. (SZSE:000917) agreed to acquire additional 20% stake in Hunan Xinfengyuan Investment Co., Ltd. from Hunan Ruide Real Estate Co., Ltd. for CNY 4.89 million on December 27, 2019. Post completion, Hunan TV & Broadcast Intermediary Co., Ltd. will own 45% stake in Hunan Xinfengyuan Investment Co., Ltd. For the year end December 31, 2018, Hunan Xinfengyuan Investment Co., Ltd. reported total assets of CNY 1.34 billion, net liabilities of CNY 69.8 million, revenue of CNY 0 and net loss of CNY 31.69 million. This transaction required Hunan TV & Broadcast Intermediary Co's shareholders approval, while Hunan TV & Broadcast Intermediary Co's Borad approved the transaction accordingly. Hunan TV & Broadcast Intermediary Co., Ltd. (SZSE:000917) cancelled the acquisition of additional 20% stake in Hunan Xinfengyuan Investment Co., Ltd. from Hunan Ruide Real Estate Co., Ltd. on December 27, 2020.