Shandong Hongyu Agricultural Machinery Co., Ltd. (SZSE:002890) agreed to acquire Beijing BKS Media Technology Inc. from Liu Xiaohong, Liu Lixin and other shareholders on March 12, 2021. Under terms of transaction, Shandong Hongyu Agricultural Machinery will acquire via two modes that is through Asset exchange and share issuance.Shandong Hongyu Agricultural Machinery will exchange all its asset and liabilities excluding cash of CNY180 million and the financial income derived. Shandong Hongyu Agricultural Machinery will issue A-share ordinary shares, each with issue price for this asset acquisition is CNY17.91 per share. to buyers. The transaction has been approved by the Board of Directors and shareholders of Shandong Hongyu Agricultural Machinery. The transaction is subject to audit and appraisal works and CSRC.