CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) agreed to acquire 51% stake in Zhongyu Global Seafood Co., Ltd. from China National Fisheries Corporation for approximately CNY 1 billion on May 22, 2023. Transaction has been approved by China National Fisheries Corporation and CNFC Overseas Fisheries board and subject to approval from CNFC Overseas Fisheries shareholders. China International Capital Corporation Limited acted as financial advisor, Jia Yuan Law Offices acted as legal advisor and China Audit Asia Pacific Certified Public Accountants acted as an accountant to CNFC Overseas Fisheries.