Sichuan Development Long Python completes Tianbao acquisition

Sichuan Development Long Python announced today the completion of its acquisition of a 60% stake in Tianbao Animal Nutrition Technology Co., Ltd. The acquisition was executed through the company's wholly-owned subsidiary, Nan Zhang Long Python Phosphate Co., Ltd. Nan Zhang Long Python acquired the stake from multiple shareholders, including Zhou Rongchao, Zhou Lücha, Zhou Rongmin, Peng Qiming, and several investment partnerships for a consideration of CNY432 million. After receiving clearance from the State Administration for Market Regulation, Tianbao Animal Nutrition Technology is now indirectly controlled by Sichuan Development Long Python and its financial results will be included in the company's consolidated financial statements.