Hybio Pharmaceutical Co., Ltd. (SZSE:300199) agreed to acquire 10.81% stake in Hybio Biotechnology (Dali) Co., Ltd. from Dazhong Transportation (Group) Co., Ltd. (SHSE:600611) for CNY 20 million on May 10, 2022. After the repurchase is completed, Hybio Pharmaceutical will hold 69.22% of Hybio Biotechnology. As on December 31, 2021, Hybio Pharmaceutical reported total assets of approximately CNY 110 million.