Central Enterprise Rural Industry Investment Fund Co., Ltd. managed by SDIC Chuangyi Industry Fund Management Co., Ltd. agreed to acquire additional 10.94% stake in Longping Biotechnology (Hainan) Co., Ltd. from Yuan Long Ping High-Tech Agriculture Co., Ltd. (SZSE:000998) for approximately CNY 360 million on December 30, 2023. The consideration consists of CNY 361.0 million in cash. As part of the consideration, CNY 361.0 million was paid towards common equity.

Longping Biotechnology (Hainan) Co., Ltd. reported Total assets worth CNY 596 million and Total common equity of CNY 550 million on July 31, 2023. Transaction has been approved by Yuan Long Ping High-Tech Agriculture's board of director's.