Pengdu Agriculture & Animal Husbandry Co.,Ltd. (SZSE:002505) agreed to acquire Qidong Pengteng Agricultural Development Co., Ltd. from Shanghai Pengxin Agricultural Investment (Group) Co., Ltd. for approximately CNY 560 million on July 30, 2023. The equity transfer agreement was signed on July 31, 2023. Qidong Pengteng Agricultural Development reported net asset of CNY -54.1245 million and total asset of CNY 123.2438 million as of June 30, 2023. The transaction was approved by board of directors Pengdu Agriculture & Animal Husbandry Co.,Ltd on July 30, 2023 but still needs to be submitted to the general meeting of shareholders.

Pengdu Agriculture & Animal Husbandry Co.,Ltd. (SZSE:002505) cancelled the acquisition of Qidong Pengteng Agricultural Development Co., Ltd. from Shanghai Pengxin Agricultural Investment (Group) Co., Ltd. on August 17, 2023.