Shanghai Ruichiman Investment Co., Ltd. signed a share transfer agreement to acquire various stakes in Shanghai Worth Biotechnology Co., Ltd., Shanghai Worth Green Engineering Co., Ltd. and Ruichiman (Shanghai) Commercial Factoring Co., Ltd. from Shanghai Worth Garden Products Co., Ltd. (SZSE:300483) for CNY 15 million on April 4, 2020. Shanghai Worth Garden Products is to sell out its 100% stake in Shanghai Worth Biotechnology Co., Ltd., 100% stake in Shanghai Worth Green Engineering Co., Ltd., and 15% stake in Ruichiman (Shanghai) Commercial Factoring Co., Ltd. to Shanghai Ruichiman Investment Co., Ltd. The transaction price is respectively at CNY 0.369 million, CNY 13.14 million and CNY 1.5 million. Amount to be paid in cash. Shanghai Ruichiman Investment will pay the first share transfer amount of CNY 13 million within 10 working days after the agreement takes effect. The remaining amount of CNY 2 million will be paid within 10 working days after completion date. Ruichiman (Shanghai) Commercial Factoring Co., Ltd. is currently 15% held by Shanghai Worth Garden Products and 85% held by Shanghai Ruichiman Investment Co., Ltd. Post deal, Shanghai Ruichiman Investment will own 100 stake in Shanghai Worth Biotechnology, Shanghai Worth Green Engineering and Ruichiman (Shanghai) Commercial Factoring. As of December 31, 2019, Shanghai Worth Biotechnology reported total assets of CNY 0.39 million, Shanghai Worth Green Engineering reported total assets of CNY 38.39 million and Ruichiman (Shanghai) Commercial Factoring reported total assets of CNY 11.18 million. For the year ending December 31, 2019, Shanghai Worth Biotechnology reported revenues of CNY 0.45 million, operating loss of CNY 0.35 million and net loss of CNY 0.34 million, Shanghai Worth Green Engineering reported revenues of CNY 13.06 million, operating loss of CNY 4.3 million and net loss of CNY 3.4 million and Ruichiman (Shanghai) Commercial Factoring reported revenues of CNY 0.49 million, operating profit of CNY 0.22 million and net profit of CNY 0.2 million. The deal does not need approval from Shanghai Worth Garden Products' shareholders. Shanghai Worth Garden Products' 4th Directorate in its 15th meeting approved the deal. On December 31, 2020, the transaction involving 100% equity of Shanghai Worth Green Engineering Co., Ltd has been completed recently. The related transactions involving 100% equity of Shanghai Worth Biotechnology Co., Ltd., and 15% equity of Ruichiman (Shanghai) Commercial Factoring Co., Ltd are still in the process of industrial and commercial change.