Shanghai Muxin Asset Management Co Ltd agreed to acquire 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) from Dong Jianjun for approximately CNY 130 million on December 23, 2020. Under the terms of the transaction Shanghai Muxin Asset Management Co Ltd will acquire 17.6 million shares for CNY 7.64 per share. Shanghai Muxin Asset Management Co Ltd completed the acquisition of 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) from Dong Jianjun on February 4, 2021. Post acquisition Dong Jianjun will no longer hold any stake and Shanghai Muxin Asset Management Co Ltd will hold 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd.