Winall Hi-tech Seed Co., Ltd. (SZSE:300087) agreed to acquire a 67.90% stake in Hebei New Era Seed Industry Co., Ltd. from Group of sellers for approximately CNY 220 million on April 23, 2023. Group of sellers include, Cheng Zhu, Zhao Zeshu, Li Tingnan, Han Yue, Yao Yiping and Cheng Sheng. Transaction has been approved by Winall Hi-tech's board of directors.

For the period December 31, 2022, Hebei New Era Seed had CNY 127.5833 million of total assets.