Luzhou Industrial Investment Group Co.,Ltd signed an equity transfer agreement to acquire an additional 5% stake in Sichuan Lutianhua Company Limited (SZSE:000912) from Lutianhua (Group) Co., Ltd. for approximately CNY 340 million on November 13, 2020. Under the terms of the transaction, Lutianhua (Group) Co., Ltd. will sell 78.4 million shares and pay CNY 338.92 million. Before closing, Lutianhua (Group) Co., Ltd. holds 18.49% of Sichuan Lutianhua Company Limited and post-closing, Lutianhua (Group) Co., Ltd. will hold 211.46 million shares representing 13.49% of Sichuan Lutianhua Company Limited. Luzhou Industrial Investment Group Co.,Ltd completed the acquisition of an additional 5% stake in Sichuan Lutianhua Company Limited (SZSE:000912) from Lutianhua (Group) Co., Ltd. on December 31, 2020.