Shenzhen Qianhai Kangmei International Supply Chain Management Co., Ltd agreed to acquire Guangdong Kangmei Logistics Co., Ltd. from Kangmei Pharmaceutical Co., Ltd. (SHSE:600518) for CNY 10 million on January 25, 2017. The transaction has been approved in the 1st extraordinary meeting of 2017 of the 7th directorate of Kangmei Pharmaceutical on January 25, 2017 and does not need its shareholders’ approval. Shenzhen Qianhai Kangmei International Supply Chain Management Co., Ltd cancelled the acquisition of Guangdong Kangmei Logistics Co., Ltd. from Kangmei Pharmaceutical Co., Ltd. (SHSE:600518) on January 26, 2018.