Hunan New Wellful Co.,Ltd. (SHSE:600975) agreed to acquire Chenzhou Xiasitian Agricultural Technology Co., Ltd. from Chenzhou Xiangmu Agricultural Technology Partnership Enterprise (Limited Partnership) and others on September 1, 2022. In related transactions, Hunan New Wellful Co.,Ltd. agreed to acquire Hunan Tianxin Breeding Share Co., Ltd. from group of sellers, 48.2% stake in Yuanjiang Tianxin Seed Industry Co., Ltd. from Hunan Modern Seed Investment Co., Ltd. and Hunan Tianyuan Agricultural Development Co., Ltd., 49% stake in Jingzhou Xiangmu Seed Industry Co., Ltd. and 46.70% stake in Liling Tianxin Seed Industry Co., Ltd. from Hunan Modern Seed Investment Co., Ltd., Hunan Tianhan Animal Husbandry Development from Tibet Chayi Agricultural Technology Co., Ltd. and Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership), Chenzhou Xiasitian Agricultural Technology Co., Ltd. from Chenzhou Xiangmu Agricultural Technology Partnership (Limited Partnership) and Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership), Xinhua County Jiuyang Agricultural Development Co., Ltd. from Cao Bentao and Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership), Hengdong Xinbang Animal Husbandry Development Co., Ltd. from Hunan Lüdai Enterprise Management Partnership (Limited Partnership), Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership) and Xu Xiuying, Hunan Tianqin Animal Husbandry Development Co., Ltd. from Tibet Chayi Agricultural Technology Co., Ltd. and Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership) and Longshan Tianhan Animal Husbandry Development Co., Ltd. from Tibet Yijin Industrial Co., Ltd., Hunan New Wellful Co.,Ltd. (SHSE:600975) agreed to acquire Hunan Tianxin Breeding Share Co., Ltd and Hunan New Wellful Phase I Industrial Investment Fund Enterprise (Limited Partnership). The cash consideration will be funded from the proceeds of raised supporting funds from no more than 35 qualified specific investors through the non-public issuance of ordinary shares. Hunan New Wellful Co., Ltd Board of directors of Hunan New Wellful Co.,Ltd. approved the transaction. As of September 19, 2022, Hunan New Wellful received approval from State-owned Assets Supervision and Administration Commission of the People's Government of Hunan Province regarding Hunan New Wellful Co.,Ltd issuing shares to acquire companies. As on September 21, 2022, The shareholders of Hunan New Wellful has approved acquisition of assets through the issuance of shares and cash and raising of supporting on 1st Extraordinary Shareholders Meeting held on September 21, 2022. As of December 10, 2022, The Merger, Acquisition and Reorganization Examination Committee of Hunan New Wellful has conditionally approved the deal on December 9, 2022.

China Merchants Securities Co., Ltd. acted as financial advisor, Hunan Qiyuan Law Firm acted as legal advisor and Moore Stephens Da Hua acted as accountant to Hunan New Wellful Co.,Ltd. in the deal.

Hunan New Wellful Co.,Ltd. (SHSE:600975) completed the acquisition of Chenzhou Xiasitian Agricultural Technology Co., Ltd. from Chenzhou Xiangmu Agricultural Technology Partnership Enterprise (Limited Partnership) and others on December 30, 2022.