Tech-Bank Food Co., Ltd. (SZSE:002124) agreed to acquire 3% stake in Juancheng Silk Road East Photovoltaic Agriculture Co., Ltd. from Heze Urban Construction Group. for CNY 22.4 million on December 16, 2020. Tech-Bank Food Co., Ltd. shall make a one-time payment to Heze Urban Construction. The payment was fully paid on December 25, 2020. In a related transaction, Tech-Bank Food Co., Ltd. (SZSE:002124) agreed to acquire 97% stake in Juancheng Silk Road East Photovoltaic Agriculture Co., Ltd. from Shandong Silk Road East Photovoltaic Agricultural Development Co., Ltd. for approximately CNY 710 million on December 16, 2020. As of October 15, 2020, Juancheng Silk Road East Photovoltaic Agriculture Co., Ltd. has total assets of CNY 1.3 billion and net assets of CNY 719 million. Tech-Bank Food Co., Ltd's board of directors approved the transaction.