Xinjiang Guannong Co.,Ltd. (SHSE:600251) won the bid to acquire Xinjiang Lihua Biotechnology Development Co., Ltd. from Xinjiang Lihua Group Co., Ltd. for CNY 130 million on May 7, 2024. The Property Rights Transaction Contract was signed on May 15, 2024. The consideration includes CNY 83.62 million for common stock and repayment of CNY 41.38 million to Xinjiang Lihua Group.

Xinjiang Guannong Co.,Ltd. (SHSE:600251) completed the acquisition of Xinjiang Lihua Biotechnology Development Co., Ltd. from Xinjiang Lihua Group Co., Ltd. on May 27, 2024.