Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. agreed to acquire 14% stake in Harbin ZhongFei New Technology CO.,LTD. (SZSE:300489) from Wang Qiang for approximately CNY620 million on July 6, 2020. Under the terms of acquisition, Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. will acquire 19.05 million shares for CNY32.33 per share. Before the acquisition Wang Qiang holds 20.4 million shares representing 15% stake in Harbin ZhongFei New Technology CO.,LTD. The transaction still needs to pass the compliance review of the Shenzhen Stock Exchange and go through the share transfer registration procedures of the China Securities Depository and Clearing Co., Ltd, Shenzhen Branch. Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. completed the acquisition of 14% stake in Harbin ZhongFei New Technology CO.,LTD. (SZSE:300489) from Wang Qiang on July 10, 2020. Post completion, the buyer owns 14% in Harbin ZhongFei. Harbin ZhongFei New Technology received the confirmation letter of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. on July 13, 2020.