Longping Hi-Tech announced that the company has received a total transfer price of 147 million yuan for the transfer of 25.3797% of Huazhi Biotech's shares. Huazhi Biotech has completed commercial and commercial changes. After the transaction was completed, the company and its subsidiaries held a total of 5.0001% of Huazhi Biotech's shares. The company's holding subsidiary Lianchuang Seed Co., Ltd. has completed the initial payment of Longping Oil's shares and capital increase; Longping Oil has completed commercial and commercial changes; another third party increased Longping Oil's capital by 16 million yuan. After the transaction was completed, Lianchuang Seed Industry held 53.1250% of Longping Oil's shares, and Longping Oil was included in the scope of the company's consolidated statements.

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