Chongqing Qifeng Advertising Media Co., Ltd. cancelled the acquisition of 51% stake in Chongqing Niandu Advertising Media Co., Ltd. from Guangdong Advertising Group Co., Ltd..

GUANGDONG ADVERTISING GROUP CO., LTD, formerly GUANGDONG ADVERTISING CO., LTD. is an integrated advertising company. The Company operates its businesses primarily through brand management, which provides brand strategy, brand planning, corporate identity system (CIS) design, brand diagnostic, advertising planning, innovation, design and production, market survey, marketing strategy and packaging, shopping mall terminal design, as well as promotion, exhibition and public relation activities, among others; traditional media agency business, which includes the establishment of media strategy, media innovation and media placement plans, as well as proprietary media business, which includes the operation of bus station billboards, bus advertising and outdoor billboard in Guangdong province, China. It also engages in the digital marketing, the public relation and magazine issuing. It operates its businesses primarily in domestic markets.