Grain News October 11th | Sanfeng Intelligent Equipment Group (300276.SZ) announced that in order to integrate internal resources, optimize the company's business and governance structure, and improve the overall operational decision-making efficiency of the company. The company's wholly-owned subsidiary Shanghai Xinyanlong Autos Equipment Manufacturing Co., Ltd. (hereinafter referred to as "Xinyanlong", the "acquirer", the "Party A") plans to use its own funds to acquire 45% equity of Sanfeng Zhilian held by Mr. Wang Weixin (hereinafter referred to as the "transferor", the "Party B"). The total equity transfer price is 3 million yuan. After the completion of this equity acquisition, Xinyanlong will hold 45% equity of Sanfeng Zhilian. The company's equity in Sanfeng Zhilian will increase from 55% to 100% through direct shareholding and Xinyanlong's holdings.