Hubei United Investment Capital Investment Development Co., Ltd. signed agreement to acquire a 24.41% stake in Shenzhen Hongtao Group Co.,Ltd. (SZSE:002325) from Liu Nianxin on July 11, 2022. As per the transaction, Hubei United Investment Capital Investment Development Co., Ltd. will acquire 97.42 million shares.

Hubei United Investment Capital Investment Development Co., Ltd. cancelled the acquisition of a 24.41% stake in Shenzhen Hongtao Group Co.,Ltd. (SZSE:002325) from Liu Nianxin on September 29, 2022.