According to CoinMeta, Qingdao Food announced that Tsingtao Brewery Group Co., Ltd. intends to acquire 57.0176 million shares of the company held by Huatong Group through a transfer agreement, which accounts for 29.24% of the company's total share capital. The total transfer price is 965 million yuan, and the final transfer price will be subject to the approval of the Qingdao State-owned Assets Supervision and Administration Commission (SASAC). Prior to this equity change, Tsingtao Brewery Group did not hold any shares of the company; after the change is completed, Tsingtao Brewery Group will become the controlling shareholder of the company, with the Qingdao SASAC becoming the actual controller of the company. The purpose of this transaction is to achieve integration of state-owned assets and enterprises, and to create a synergistic effect in the industrial chain. It still requires the approval of the Qingdao SASAC, compliance review by the Shenzhen Stock Exchange, and completion of share transfer registration. Tsingtao Brewery Group has committed not to transfer the shares acquired within 60 months from the date of registration and not to pledge them within 36 months.