According to the announcement, the company invested 100 million yuan to participate in the M&A fund share in 2018. The fund is called Shanghai Xiangmin Equity Investment Fund Partnership. Since the M&A fund and its subsidiaries guarantee the debts of Jilin Yaohe Economic & Trade Co., Ltd., and Jilin Yaohe's overdue unpaid debts, Inner Mongolia Mengniu has initiated arbitration and been adjudicated. It enjoys priority compensation for 99.99% of Changchun Lianxin's shares held by the M&A fund after being auctioned or sold. The company is unable to withdraw the principal and earnings from the M&A fund. If the committer Chai Yi fails to fulfill the compensation promise, the company may invest or incur significant losses, affecting net profit. The company will initiate legal recourse.

According to the announcement, the company invested 100 million yuan to participate in the M&A fund share in 2018. The fund is called Shanghai Xiangmin Equity Investment Fund Partnership. Since the M&A fund and its subsidiaries guarantee the debts of Jilin Yaohe Economic & Trade Co., Ltd., and Jilin Yaohe's overdue unpaid debts, Inner Mongolia Mengniu has initiated arbitration and been adjudicated. It enjoys priority compensation for 99.99% of Changchun Lianxin's shares held by the M&A fund after being auctioned or sold. The company is unable to withdraw the principal and earnings from the M&A fund. If the committer Chai Yi fails to fulfill the compensation promise, the company may invest or incur significant losses, affecting net profit. The company will initiate legal recourse.