Henan Shuanghui Investment & Development Co.,Ltd. (SZSE:000895) signed a share transfer agreement to acquire 25% stake in Smithfield (Shanghai) Foods Co., Ltd. from Rotex Inc. for CNY 22 million on May 7, 2020. In related transaction, Henan Shuanghui Investment & Development Co.,Ltd signed five different share transfer agreement to acquire 26.04% stake in Shanghai Shuanghui Dachang Co., Ltd., 40% stake in DuPont Shineway Luohe Protein Co., Ltd., 48% stake in DuPont Shineway Luohe Food Co., Ltd., 49% stake in Wuhu Shuanghui Import and Export Trading Co., Ltd. and 49% stake in Shineway-IBET Bio-environmental (Luohe) Co., Ltd from Rotex on May 7, 2020. Post completion, Henan Shuanghui Investment & Development will hold 100% stake in Smithfield. As of December 31, 2019, Smithfield reported total assets of CNY 303.55 million, revenue of CNY 2.7 billion, EBIT of CNY 32.92 million and net profit of CNY 24.71 million. The transaction was approved by the board of directors of Henan Shuanghui Investment & Development at the 24th Meeting of the Company’s 7th Directorate held on May 7, 2020, and are subject to the shareholders’ approval.