Beijing Yongzheng Consulting Co., Ltd. agreed to acquire 82.6% stake in Tibet Sanpin Agricultural Technology Co., Ltd. from Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) for CNY 42.1 million on December 14, 2020. Post completion, Guangdong Qunxing Toys Joint-Stock Co., Ltd. will not hold any stake in Tibet Sanpin Agricultural Technology Co., Ltd. As of September 30, 2020, Tibet Sanpin Agricultural Technology Co., Ltd. reported total assets of CNY 53.4 million and net assets of CNY 42.1 million. Transaction is subject to shareholder approval of Beijing Yongzheng Consulting Co., Ltd. and is approved by the Board of Guangdong Qunxing Toys Joint-Stock Co., Ltd.