Yibin Tianyuan Tianfu Industrial Company agreed to acquire 15% stake in Yibin Boyuan Environmental Technology Co., Ltd. from Yibin Tianyuan Group Co., Ltd. (SZSE:002386) for CNY 1.4 million on July 9, 2020. The offer per share is CNY 0.9188. The deal value was payable in cash. For the year ending December 31, 2019, Yibin Boyuan Environmental reported total assets of CNY 10.2 million, net assets of CNY 9.2 million, revenues of CNY 5.6 million and net loss of CNY 0.9 million. According to the relevant regulations of the Shenzhen Stock Exchange Stock Listing Rules and the Articles of Association, the transaction amount is within the authority of the management and need not be submitted to Yibin Tianyuan's Board of Directors for review. The transaction has been approved by Yibin Tianyuan Group's management. Yibin Tianyuan Group has passed a decision on the deal. Yibin Tianyuan Tianfu Industrial Company completed the acquisition of a 15% stake in Yibin Boyuan Environmental Technology Co., Ltd. from Yibin Tianyuan Group Co., Ltd. (SZSE:002386) on September 15, 2020.