Beijing Sanfo Outdoor Products Co., Ltd (SZSE:002780) signed the equity transfer agreement to acquire 100% Equity of Shanghai Feiwa Trading Co., Ltd. from Liu Fang, Jia Xiaodan and Su Jie for CNY 249 million on November 23, 2022. Under the agreement Liu Fang will transfer 40%, Jia Xiaodan 36% and Su Jie 24% equity to Beijing Sanfo Outdoor Products Co., Ltd. For the year ended, September 30, 2022, Shanghai Feiwa Trading Co., Ltd. total asset is CNY 22 million and owners equity 21.21 million. The transaction was approved by Beijing Sanfo Outdoor Products Co., Ltd 17th meeting of the fourth board of directors.