Hailir Pesticides and Chemicals Group Co.,Ltd. (SHSE:603639) signed an agreement to acquire 26% stake in Shaanxi Jinxinyi Chemical Technology Co., Ltd. from Guo Qiangjun for CNY 64.8 million on June 17, 2022. Within five working days after the agreement signing date, Hailir Pesticides must pay the first payment of CNY 6.4835 million to the designated account of Guo Qiangjun. Within five working days after the completion of the registration modification procedures, Hailir Pesticides must pay the remaining payment of CNY 58.3515 million to Guo Qiangjun's designated account.

The board of Hailir Pesticides reviewed and approved the deal on June 17, 2022. Shaanxi Jinxinyi Chemical has reported revenues of CNY 240.9276 million, total assets of CNY 101.7919 million and Net income of CNY 33.249 million in December 31, 2021.