Hefei Fengle Seed Co LtdSDIC Fengle completed the asset transfer for acquiring a 60% controlling stake in SDIC Jinzhong, making it a controlling subsidiary.

SDIC Fengle Seed Industry Company Limited announced that the transfer of the underlying assets for its acquisition of a 60% equity stake in SDIC Zhangye Jinzhong Technology Company Limited has been completed, and SDIC Jinzhong has become a controlling subsidiary of the company. The company has paid 50% of the equity transfer consideration to the transferor, SDIC Seed Industry, amounting to 16.8824 million yuan. The transaction was approved by the board of directors on June 25, 2026, and approved by the extraordinary general meeting of shareholders on July 14. SDIC Jinzhong has a registered capital of 500 million yuan, was established in November 2024, and is mainly engaged in the production and operation of crop seeds. The company stated that the remaining transaction price still needs to be paid, and the relevant parties will continue to fulfill their agreement commitments.
Hefei Fengle Seed Co LtdSDIC Fengle completed the asset transfer for acquiring a 60% controlling stake in SDIC Jinzhong, making it a controlling subsidiary.
SDIC Jinzhong becomes a controlling subsidiary of SDIC Fengle after the 60% equity transfer completed; impact on the entity itself is unclear.
SDIC Seed Industry is the transferor selling its 60% stake in SDIC Jinzhong and has received 50% of the consideration.