Hubei Yihua Chemical Industry Co., Ltd. (SZSE:000422) agreed to acquire remaining 32.43% stake in Hubei Yihua Fertilizer Industry Co., Ltd. from Hubei Yihua New Kinetic Energy Shukun Special Investment Partnership Enterprise(Limited Partnership) for CNY 300 million on February 28, 2024. Prior to the transaction, Hubei Yihua Chemical Industry Co., Ltd. (SZSE:000422) held 67.57%. Hubei Yihua Fertilizer reported total assets of CNY 4.67 billion and net assets of CNY 3.02 billion as on January 31, 2024.

Hubei Yihua Chemical Industry Co., Ltd. (SZSE:000422) completed the acquisition of remaining 32.43% stake in Hubei Yihua Fertilizer Industry Co., Ltd. from Hubei Yihua New Kinetic Energy Shukun Special Investment Partnership Enterprise(Limited Partnership) on April 3, 2024. After this change, Hubei Yihua Fertilizer Industry Co., Ltd. became a wholly-owned subsidiary of Hubei Yihua Chemical Industry Co., Ltd.