Luzhou Junyuan Asset Management Co., Ltd entered into the Equity Transfer Agreement to acquire 6.43% stake in Sichuan Xiangjiaba Irrigation Construction and Development Co.,Ltd. from Luzhou Xinglu Water (Group) Co., Ltd. (SEHK:2281) for CNY 52.8 million on September 19, 2023. Sichuan Xiangjiaba Irrigation Construction and Development Co.,Ltd. reported Net income of CNY 4.6 million in December 31, 2022.