Pulike Biological Engineering, Inc. agreed to acquire Luoyang Lechong Health Technology Co., Ltd. from Shiji Mengbang Information Technology Co., Ltd. and Luoyang Jidi Biotechnology Center (Limited Partnership) for CNY 23.5 million.

Pulike Biological Engineering, Inc. (SHSE:603566) agreed to acquire Luoyang Lechong Health Technology Co., Ltd. from Shiji Mengbang (Shanghai) Information Technology Co., Ltd. and Luoyang Jidi Biotechnology Center (Limited Partnership) for CNY 23.5 million on June 30, 2023. Pulike Biological Engineering, Inc uses its own funds for the transaction. Luoyang Lechong Health Technology Co., Ltd. reported financials on March 31, 2023, total assets of CNY 7.96 million and net assets of CNY 4.67 million.

Pulike Biological Engineering, Inc. board of directors approved the transaction. No need to submit to the company's general meeting of shareholders for consideration.