Zhang Hongde agreed to acquire a 5.04% stake in Jiangsu Huifeng Bio Agriculture Co., Ltd. (SZSE:002496) from Zhong Hangen for CNY 212.8 million on September 29, 2021. Under the terms Zhang Hongde will acquire 76 million shares for CNY 2.8 per share.

Zhang Hongde completed the acquisition of a 5.04% stake in Jiangsu Huifeng Bio Agriculture Co., Ltd. (SZSE : 002496) from Zhong Hangen on December 31, 2021.