Shanghai Fortune HFT Asset Management Co., Ltd. signed an agreement to acquire 5% stake in Julong Co., Ltd. (SZSE:300202) from Liu Yongquan for approximately CNY 330 million on December 19, 2019. Under the terms of the agreement, Liu Yongquan will transfer 27.5 million shares at the price of CNY 11.979 per share. Shanghai Fortune HFT Asset Management Co., Ltd. completed the acquisition of 5% stake in Julong Co., Ltd. (SZSE:300202) from Liu Yongquan on December 27, 2019.