www.sec.gov/Archives/edgar/data/806592/...9000014/suwn8-k.htm
"On July 30, 2019, Sunwin Stevia International, Inc.'s (the "Company" "we", "us" or "our") wholly owned subsidiary Qufu Natural Green Engineering Co., Ltd. ("Qufu Natural Green") entered into a management agreement with Na Li, an unaffiliated individual(the "Buyer") for the sale of 100% equity ownership of Qufu Shengwang Stevia Biology and Science Co., Ltd. ("Qufu Shengwang"), a wholly owned subsidiary of Qufu Natural Green.
Qufu Shengwang is a manufacture and seller of Chinese medicine products. In the recent quarters Qufu Shengwang has been operating at a net loss and Company and its Board of Directors have determined that it is in the Company's best interest to focus its resources and efforts in the sales of its stevia products. Per the Asset Transfer Agreement, the Buyer will pay to Qufu Natural Green a total cash consideration of RMB 8,000,000, payable in 2 installments of RMB 5,000,000 on July 30, 2019 and RMB 3,000,000 on Sept 30, 2019. The Buyer will assume all assets and liability of Qufu Shengwang, and Qufu Natural Green shall assist in completing all documents needs for the equity transfer after confirmed receipt of the first payment."