Longping Hi-Tech announced that the company acquired 46.09% of the shares of Xinjiang Jinghua Seed Co., Ltd. for 138 million yuan and increased its capital by 30 million yuan at the same time, with a total transaction price of 168 million yuan. As of the disclosure date of the announcement, the company has completed the first share transfer and full capital increase payment. Jinghua Seed has completed the registration of the commercial and commercial change. The company holds 51% of its shares. Jinghua Seed Industry has become a holding subsidiary of the company and will be included in the scope of the company's consolidated statements.

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