Cao Yongming signed an agreement to acquire 5.01% stake in Jinyuan EP Co., Ltd. (SZSE:000546) from Zhejiang CONBA Group Co., Ltd. for approximately CNY 150 million on January 4, 2019. Under the terms of the transaction, Cao Yongming will acquire 35.8 million shares at CNY 7.52 per share. The consideration will be paid in three installments with first installment within three days from agreement date, second installment one day before completion, and third installment within five days from completion. Cao Yongming completed the acquisition of 5.01% stake in Jinyuan EP Co., Ltd. (SZSE:000546) from Zhejiang CONBA Group Co., Ltd. on January 23, 2019.