Shenzhen Mingwah Aohan High Technology Corporation Limited (SEHK:8301) entered into memorandum of understanding to acquire unknown stake Sichuan United Liquor Exchange on June 28, 2019. Transaction is subject to certain conditions including Shenzhen Mingwah Aohan High Technology Corporation Limited and Sichuan United Liquor Exchange having been obtained necessary approvals from its shareholders, relevant Board of Directors, Stock Exchange and governmental authority of Sichuan Province. Conditions also include Shenzhen Mingwah Aohan High Technology Corporation Limited have completed satisfactory due diligence and also satisfied with the audit report, profit forecast and assessment report prepared by Sichuan United Liquor Exchange. Shenzhen Mingwah Aohan High Technology Corporation Limited (SEHK:8301) cancelled the acquisition of the unknown stake Sichuan United Liquor Exchange on June 28, 2020.