Zhoushan Huakang Biotechnology Co., Ltd. agreed to acquire Zhejiang Jinggong Agricultural Development Co., Ltd. from Kuaijishan Shaoxing Rice Wine Co., Ltd. (SHSE:601579) for CNY 93.1 million on January 20, 2024. The consideration consists of CNY 93.06 million in cash. As part of the consideration, CNY 93.06 million was paid towards common equity.

The transaction was approved by the board of directors of Zhoushan Huakang Biotechnology Co., Ltd.