Bode Energy Equipment Co., Ltd (SZSE:300023) signed a share transfer agreement to acquire 89.8% stake in Noble Family Wine and Liquor Co.,Ltd., from a group of shareholders for approximately CNY 1.1 billion on December 2, 2020. Under the terms of transaction, Bode Energy Equipment will acquire 143.6 million shares. On June 9, 2021, Bode Energy Equipment Co., Ltd revised its plan for the transaction and under the revised plan, Bode Energy Equipment Co., Ltd will acquire 51% stake in Noble Family Wine and Liquor Co.,Ltd. from group of sellers for CNY 534.2 million.

Bode Energy Equipment Co., Ltd will acquire 81.6 million shares. Within ten working days after the transaction agreement becomes effective and the National Equities Exchange and Quotations Bode Energy Equipment Co., Ltd's confirmation letter on the transfer of specific matters of this transaction is obtained, Bode Energy Equipment Co., Ltd shall pay 40% of the transaction price of the underlying shares; Within ten working days after the completion of the transfer of the underlying shares, 40% shall be paid; the remaining 20% shall be paid within 12 months after the completion of the transfer and registration of the underlying shares. The deal is subject to approval from the shareholders of Bode Energy Equipment, National Equities Exchange and Quotations and The Shenzhen Stock Exchange.

On December 2, 2020, Bode Energy Equipment Co., Ltd held the 4th meeting of the 4th directorate, and approved the acquisition. On June 9, 2021, Bode Energy Equipment Co., Ltd held the 8th meeting of the 4th directorate, and approved the changes to the acquisition. Minmetals Securities Co., Ltd. acted as financial advisor, Tian Yuan Law Firm acted as legal advisor and Da Hua Certified Public Accountants acted as accountant to Bode Energy Equipment in the deal.