Chengdu Jinhairong Investment Consulting Co., Ltd. signed the share transfer contract to acquire Barköl Kazak Autonomous County Mingxin Coal Co., Ltd. from Jiangsu Nonghua Intelligent Agriculture Technology Co.ltd (SZSE:000816) for CNY 0.5 million on September 24, 2021. The consideration of CNY 0.5 million, comprises of the deposit of CNY 0.1 million paid by the Chengdu Jinhairong, which will be automatically converted into the transfer price and the remaining price of CNY 0.4 million shall be remitted to the special settlement account in one lump sum within 5 working days after the signing of this contract. As of the year ended December 31, 2021, Barköl Kazak has total assets of CNY 22.88 million, net assets of CNY -34.62 million, operating profit of CNY -5.29 million and net income of CNY -5.54 million. The transaction was approved at the 22nd session of Jiangsu Nonghua’s 8th directorate held on September 26, 2021.