Huapei Agricultural Development Group Co., Ltd. signed a share transfer agreement to acquire 49% stake in Xiamen Zhanyu Technology Co., Ltd. from Xiamen Overseas Chinese Electronic Co.,Ltd. (SHSE:600870) for CNY 0 on May 7, 2021. As of April 30, 2021, in Xiamen Zhanyu Technology Co. reported total assets of CNY 0.02 million and net liabilities of CNY 0.17 million. The transaction does not require the approvals of Xiamen Overseas Chinese Electronic Co.,Ltd.'s Directorate and shareholders.