Chang Lingui, Zhang Zhenhua, Wang Junwu, and Li Xiaofei agreed to acquire 39% stake in Shanxi Denghai Seeds Co., Ltd. from ShanDongDenghai Seeds Co.,LTD (SZSE:002041) for CNY 4.7 million on March 7, 2017. ShanDongDenghai Seeds Co., Ltd. agreed to transfer Shanxi Denghai Seeds Co., Ltd.’s 18%, 13%, 7%, and 1% stakes for CNY 2.2 million, CNY 1.6 million, CNY 0.84 million and CNY 0.12 million respectively. The transaction has been approved by the Board of ShanDongDenghai Seeds Co.,LTD and does not need any shareholder approval.