Beijing Sanyuan Seed Industry Technology Co., Ltd intends to acquire 27% stake in Beijing Shounong Animal Husbandry Development Co., Ltd. from Beijing Sanyuan Foods Co., Ltd. (SHSE:600429) for approximately CNY 658 million on April 21, 2023. This transaction still needs to be reviewed and approved by the Beijing Sanyuan Foods Co., Ltd. controlling shareholder Beijing Shounong Food Group Co., Ltd., the relevant decision-making meeting of Sanyuan Seed Industry and the company's shareholders' meeting. As of May 9, 2023, Beijing Sanyuan Foods Co., Ltd. shareholders approved the transaction.