Guangxi Rural Investment Group Agricultural Development Co., Ltd. agreed to acquire 10.1802% stake in Nanning Yunziding Investment Co., Ltd. from Nanning Sugar Industry Co.,Ltd. (SZSE:000911) for CNY 180 million on July 19, 2023. The transaction is approved by board of directors of Nanning Sugar Industry Co.,Ltd. and is subject to shareholders approval. As of August 4, 2023 Nanning Sugar Industry's shareholders approved the transaction. As of August 11, 2023 Guangxi Rural Investment Group Agricultural Development and Nanning Sugar Industry Co.,Ltd. signed the transaction contract for the equity transfer.

Guangxi Rural Investment Group Agricultural Development Co., Ltd. completed the acquisition of 10.1802% stake in Nanning Yunziding Investment Co., Ltd. from Nanning Sugar Industry Co.,Ltd. (SZSE:000911) on August 23, 2023.