Tianjin TEDA Biomedical Engineering Company Limited entered into the Equity Transfer Agreement to acquire Shanghai Weidi Network Technology Company from three shareholders for CNY12.8 million.

Tianjin TEDA Biomedical Engineering Company Limited is a China-based company principally engaged in the research and development, commercialization, manufacturing and sales of biological compound fertilizer products. Its primary products include the series of biological compound fertilizer products for the promotion of balanced growth of grains, fruits and vegetables. These products are mainly sold under the brand of Fulilong. The Company’s businesses are mainly conducted in the People’s Republic of China (the PRC). The Company’s principal subsidiaries include Shandong Hidersun Fertiliser Industry Co., Ltd. and Guangdong Fulilong Compound Fertiliser Co., Ltd.