Beijing Sanyuan Foods Co., Ltd. (SHSE:600429) entered into an agreement to acquire remaining 24.66% stake in Hulun Buir Sanyuan Dairy Industry Co., Ltd. from Beijing Shuangqiao Farm Co., Ltd. for CNY 0.000001 million on April 27, 2023. The thirteenth meeting of the eighth board of directors of Beijing Sanyuan Foods reviewed and approved the "Proposal on Cash Acquisition of 24.66% Equity of Hulun Buir Sanyuan Dairy Industry. As of March 31, 2023, Hulun Buir Sanyuan Dairy reported total assets of CNY 6.7975 million and total common equity of CNY -101.1848 million.