Longyan Huijin Development Group Co., Ltd. signed a share transfer agreement to acquire 5.8% stake in Shenzhen Ideal Jewellery Co.,Ltd. (SZSE:002740) from Su Riming, Di Ailing and Miao Zhiguo for approximately CNY 120 million on February 28, 2019. Under the terms, Longyan Huijin Development Group Co., Ltd. will acquire 19.16 million shares at CNY 6.03 per share wherein Su Riming, Di Ailing and Miao Zhiguo will respectively sell 14.46 million shares (4.37%), 3.8 million shares (1.15%) and 0.9 million shares (0.27%) of Shenzhen Ideal Jewellery Co.,Ltd. Purchase price should be paid within 12 month since completion of change of registry procedures. In a related transaction, Longyan Yongsheng Development Co., Ltd. signed a share transfer agreement to acquire a 5.1% stake in Shenzhen Ideal Jewellery Co.,Ltd. from Su Riming, Di Ailing, Zhu Xinwu and Su Qihao. Following completion of the transactions, Su Riming and Di Ailing will continue to hold 59.3 million shares (17.93%) and 26.6 million shares (8.04%) in Shenzhen Ideal Jewellery Co.,Ltd. Longyan Huijin Development Group Co., Ltd. cancelled the acquisition of 5.8% stake in Shenzhen Ideal Jewellery Co.,Ltd. (SZSE:002740) from Su Riming, Di Ailing and Miao Zhiguo on February 28, 2020.