Yunnan Yuntianhua Co., Ltd. (SHSE:600096) signed an agreement to acquire 98.50% stake in Qinghai Yuntianhua International Fertilizer Co., Ltd. from Yuntianhua Group Co., Ltd. for approximately CNY 1.6 billion on March 14, 2023. The 12th session of the Yunnan Yuntianhua Co., Ltd. (SHSE:600096)'s 9th directorate approved the acquisition. This transaction still needs to be approved by the shareholders' meeting.

As of March 30, 2023, the Third Extraordinary General Meeting of Shareholders approved the transaction.