 NEW YORK, Nov. 06, 2019 GLOBE NEWSWIRE -- iFresh, Inc. iFresh or the Company IFMK, a leading Asian American grocery supermarket chain and online grocer, announced today that its board of directors approved the termination of a Share Exchange Agreement the Exchange Agreement with Xiaotai International Investment Inc. Xiaotai due to an ongoing investigation of Xiaotai on illegal fundraising from the public by the Hangzhou Police Department, Binjiang Branch Hangzhou Police. On November 5, 2019, iFresh issued a written notice to Xiaotai International and Xiaotai Shareholders to terminate the Exchange Agreement, effective immediately. 