Guangdong Liantai Environmental Protection Co.,Ltd. (SHSE:603797) agreed to acquire 24.50% stake in Shantou Tianhuijian Biotechnology Co., Ltd. from Wang Peisong and Wang Heming for CNY 44.1 million on March 22, 2023. As per agreement, Wang Peisong will sell 19.60% stake and Wang Heming will sell 4.90% stake in Shantou Tianhuijian Biotechnology. After the acquisition, Guangdong Liantai Environmental Protection, through Shenzhen Liantai Industrial Development Co., Ltd., will indirectly own 51% stake in Shantou Tianhuijian Biotechnology and will directly own 24.50% stake in Shantou Tianhuijian Biotechnology, owning a total of 75.5% stake in Shantou Tianhuijian Biotechnology.

Shantou Tianhuijian Biotechnology has reported total assets of CNY 206.2768 million and net assets of CNY 104.8052 million in October 31, 2022.