Zhongfu Straits (Pingtan) Development Company Limited (SZSE:000592) agreed to acquire Jiangsu Dacheng Biotechnology Co., Ltd. on August 12, 2019. Post completion of the transaction Zhongfu Straits (Pingtan) Development Company Limited will hold the entire 100% stake in Jiangsu Dacheng Biotechnology Co., Ltd. The transaction was approved in the 5th session of the Zhongfu Straits (Pingtan) Development Company Limited’s 9th directorate for 2019 held on August 12, 2019 and in Zhongfu Straits (Pingtan) Development Company Limited’s 2nd special shareholders’ meeting for 2019 held on August 29, 2019. As of November 15, 2019, Dacheng Biotechnology already held its shareholders’ meeting and approved this share transfer.