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🚨 Material Event

Progress Announcement on the Acquisition of Equity in Xinjiang Qiangdu Animal Husbandry Technology Co., Ltd.

Tecon Biology Co., Ltd.··2 pages

✨ AI Summary

TianKang Biological Co., Ltd. announced the acquisition of a 51% stake in Xinjiang Qiangdu Animal Husbandry Technology Co., Ltd. for 1.275 billion yuan. The transaction was approved at a shareholder meeting on December 29, 2025, and received antitrust clearance from the State Administration for Market Regulation. As of June 3, 2026, the company has completed the necessary business registration changes, making Qiangdu a subsidiary of TianKang Biological.

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Full Translation

AI Translation· azure_openai

I. Overview of the Transaction

TianKang Biological Co., Ltd. (hereinafter referred to as "the Company") held its third extraordinary general meeting of shareholders on December 29, 2025, where it approved the proposal to acquire a 51% equity stake in Xinjiang Qiangdu Animal Husbandry Technology Co., Ltd. (hereinafter referred to as "Qiangdu") and sign the Equity Acquisition Agreement. The transaction involves a cash payment of 1.275 billion yuan to acquire the 51% equity held by eight shareholders, including Xinjiang Qixing Qiangdu Group Agricultural and Animal Husbandry Co., Ltd. For detailed information regarding this transaction, please refer to the announcement titled "TianKang Biological Co., Ltd. on the Acquisition of 51% Equity in Xinjiang Qiangdu Animal Husbandry Technology Co., Ltd. and Signing of the Equity Acquisition Ag

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