Qinghai Salt Lake Industry Co.,Ltd (SZSE:000792) agreed to acquire additional 12.4328% stake in Shanxi Wentong Saltbridge Mixed Fertilizer Co., Ltd. from Beijing Zhongji Tianbo Venture Capital Co., Ltd. for CNY 95.9 million on January 11, 2023. Prior to this transaction, Shanxi Wentong Saltbridge was held 43.7836% by Qinghai Salt Lake Industry and Qinghai Salt Lake Sanyuan each and 12.4328% by Beijing Zhongji Tianbo and post-closing, Qinghai Salt Lake Industry's stake will increase to 56.2164% and Beijing Zhongji Tianbo will no longer hold any stake in it. Shanxi Wentong Saltbridge had total assets and owner's equity of CNY 80.32 million and CNY 79.31 million as of September 30, 2022.

The transaction has been approved by the Board of Qinghai Salt Lake Industry.