Qiu Jiafen signed a Share Transfer Agreement to acquire 5.01% stake in AVIT Ltd. (SZSE:300264) from Chen Kunjiang for CNY 87.1 million on June 10, 2021. As per terms of transaction, CNY 15 million will be paid within 2 days after the agreement is signed; CNY 25 million shall be paid within 2 days after obtaining the Shenzhen Stock Exchange's share agreement transfer confirmation opinion or no objection and the remaining transfer price shall be paid within 60 days after the completion of the transfer and registration of the target shares. Post completion, Chen Kunjiang will hold 18.06% stake.