Xinjiang Tianye Water Saving Irrigation System Company Limited (SEHK:840) agreed to acquire Shihezi Silu Tianyang Pre-Mixed Concrete Co., Ltd. from Xinjiang Tianhe Yida Investment Co., Ltd for CNY 15.6 million on November 25, 2022. The consideration will be paid in cash with 15 days from the date of acquisition agreement. The consideration will be financed by the Xinjiang Tianye Water Saving Irrigation System Company Limited internal resources.

As on November 26, 2022, The board of Xinjiang Tianye Co., Ltd. has approved the deal. Shihezi Silu Tianyang Pre-Mixed Concrete has reported total assets of CNY 62.5862 million and net assets of CNY 35.2153 million on December 31, 2021.