Zhitong Financial and Economic APP, 603555.SH issued an announcement that Micheng Lai, a wholly-owned subsidiary of the company, purchased all the intellectual property rights held by Mattel with 373 million yuan in cash, including fixed assets, land use rights, and projects under construction, and Jinhe Agriculture, a wholly-owned subsidiary, with 0 yuan. The underlying assets are mainly used for rice processing and sales and grain warehousing.

After the completion of this transaction, the company will add new rice processing and sales, grain warehousing business, and promote the vertical and deep expansion of the industrial chain of the company's grain business sector. expanding from the original single grain trade to a comprehensive industrial chain of "grain production + warehousing + trade" will help the company to further consolidate the business foundation of grain business and deepen the industrial layout of grain business. Enhance the company's ability to deal with and guard against the risk of grain price fluctuations, and help to form new profit growth points of listed companies, and enhance the company's sustainable management ability and comprehensive competitiveness.