Junlebao Dairy Group Co., Ltd. agreed to acquire 32.8996% stake in Yunnan Royal Laisier Intelligent Dairy Co., Ltd/Yunnan Royal Laisier Dairy Co., Ltd. from Royal Group Co.,Ltd. (SZSE:002329) for approximately CNY330 million on May 25, 2023. The price for 32.8996% equity of Yunnan Royal Laisier Dairy Co., Ltd. is CNY300 million, and the price of 32.8996% equity of Laisier Intelligent is CNY24.8 million. Financials for the period ended March 31, 2023 total assets CNY1.2 billion and net assets of CNY370 million.