SEP Analytical (Shanghai) Co., Ltd. (SZSE:301228) signed the Equity Transfer Agreement to acquire an additional 17% stake in Hebei SEP Analytical Co., Ltd. from Hebei Jingyao Environmental Engineering Co., Ltd. for CNY 6.8 million on May 24, 2022. Under the terms, the consideration in two phases, in the first phase, SEP Analytical will pay within 15 working days from the date of signing the equity transfer agreement, a 50% of the consideration totaling CNY 3.4 million to the account designated by Hebei Jingyao Environmental Engineering and in the second phase, within 15 working days after completion, the remaining 50% of the consideration totaling CNY 3.4 million to the account designated by Hebei Jingyao Environmental Engineering. Following completion, SEP Analytical will hold its 95% stake and Hebei Jingyao Environmental Engineering will hold 5% stake in Hebei SEP Analytical. For the year ended December 31, 2021, Hebei SEP Analytical reported total assets of CNY 63.1688 million, Net assets of CNY 39.5028 million, revenue of CNY 48.7444 million, operating profit of CNY 5.8224 million and net profit of CNY 4.5292 million. The transaction is approved by the twelfth meeting of the first board of directors and the tenth meeting of the first board of supervisors of SEP Analytical.