Chalkis Health Industry Co., Ltd (SZSE:000972) agreed to acquire Xinjiang Xinliang Yanyangtian Tomato co., Ltd from Xinjiang Zhongtai Agricultural Development Co., Ltd., Xinjiang Grain & Oil Group Co., Ltd and Xinjiang Yanyangtian Tomato Products Co.Ltd. for CNY 413.2 million on August 22, 2022. Under the terms, Chalkis Health Industry Co., Ltd will pay CNY 32.24 per share for transaction. Transaction has been approved by State-owned Assets Supervision and Administration Commission of the Sixth Division of Xinjiang Production and Construction Corps, board of directors of Chalkis Health Industry Co., Ltd. Transaction is still subject to Chalkis Health Industry's shareholders approval.

For the period June 30, 2022, Xinjiang Xinliang had CNY 162.926 of total assets and CNY 76.8162 million of Owner's equity. The company will acquire Xinjiang Xinliang Yanyangtian Tomato Co., Ltd. by way of share issuance. Chalkis Health Industry will issue 184.45 million shares as payment for the acquisition for price for CNY 2.24 per share.

Zuo Qi, Zhou nan, Song Meijing, Cheng Zhuliang, Liu Yida, Wang Kaizheng, He Zimo, Wang Xiaoyu, Wang Liang and Zhu Xinjiang of Shenwan Hongyuan Securities Underwriting Sponsor Co., Ltd. acted as financial advisor to Chalkis Health Industry. Guo Xin and Yang Huiran of Grandway Law Offices acted as legal advisor to Chalkis Health Industry. Wang Xinwen and Ma Zhenhua of ZhongXingCaiGuangHua CPA Office Co.

Ltd acted as accountant to Chalkis Health Industry Co., Ltd.