Xi'an Zhitong Benyi Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 5% stake in Shanghai Kehua Bio-Engineering Co.,Ltd (SZSE:002022) from Zhuhai Baolian Asset Management Co., Ltd. for CNY 514.3 million on January 11, 2024. Zhuhai Baolian will transfer 25.71 million shares in the Shanghai Kehua Bio-Engineering Co.,Ltd, accounting for 5% stake, to Xi?an Zhitong at the price of CNY 20 per share for a total of CNY 514.3 million. As of January 19, 2024, The State-owned Assets Supervision and Administration Commission of Zhuhai approved for Zhitong Benyi to be the buyer in this transaction, and approved for Zhuhai Baolian and Zhitong Benyi to sign the share transfer agreement.

This transaction still needs to pass the review of the national anti-monopoly authorities.