Shenzhen Grain Grain Development Co., Ltd. agreed to acquire Dongguan Goldleaf Jewelry Co., Ltd. from Jinzhou Cihang Group Co., Ltd. for CNY 1.3 million.

JINZHOU CIHANG GROUP CO., LTD, formerly GOLDLEAF JEWELRY CO., LTD, is a China-based company principally engaged in the design, production and distribution of gold jewelry products. The Company operates through two business segments. Gold Jewelry segment is mainly involved in the research, development, design, processing, manufacture, wholesaling, retailing and franchising of gold jewelry. The Company mainly provides gold accessories, platinum accessories, silver accessories, inset accessories, 18K gold accessories and handicraft articles, among others. Financial Leasing segment is mainly involved in financial leasing, commissioned loans and other businesses. The Company operates its business mainly in domestic market.