The expectation of getting SAMR (previously called CFDA) as A2...

The expectation of getting SAMR (previously called CFDA) as A2 got their approval within 4 months. Bellamy was late because of previous management bad handling the business in submitting their documentation. At the start of 2018 organisational changes happened in China and CFDA now became SAMR. This delayed whole approval processes including Bellamy and caused a massive sell off by all big brokers such as GS. 
I believe that Bellamy also getting hurt by trade disputes between US and China as my conspiracy theory says China delaying all approval.  This is all IMHO.