Lv Jian entered into a share transfer agreement to acquire 5.95% stake in Shandong Hongyu Agricultural Machinery Co., Ltd. (SZSE:002890) from Lhasa Economic and Technological Development Zone Xianglong Investment Co., Ltd. for CNY 87.8 million on February 4, 2020. As per terms, Lv Jian shall acquire approximately 4 million shares for CNY 22.12 per share. Lv Jian completed the acquisition of 5.95% stake in Shandong Hongyu Agricultural Machinery Co., Ltd. (SZSE:002890) from Lhasa Economic and Technological Development Zone Xianglong Investment Co., Ltd. on March 11, 2020.