CLSA Asset Management Limited agreed to acquire 5.02% stake in Shenzhen Transsion Holdings Co., Ltd. (SHSE:688036) from Yuanke (Pingtan) Equity Investment Fund Partnership Enterprise (L.P.) managed by Yuanke (Pingtan) Equity Investment Management Partnership Enterprise (L.P.) for CNY 4.1 billion on May 31, 2023. Under the share transfer agreement, Yuanke (Pingtan) Equity Investment Fund Partnership (Limited Partnership) will transfer 40.4 million unrestricted tradable shares of Shenzhen Transsion Holdings Co., Ltd. at a price of CNY 102.40. CLSA Asset Management shall pay the total transaction price in a lump sum within 5 trading days after the transfer registration of the target shares is completed.

After this equity change, Yuanke Fund will hold 10.8 million shares, representing 1.34% of Shenzhen Transsion Holdings Co.'s share capital. CLSA Asset Management will use the funds in the "CLSA Asset Management Co., Ltd.-Client Funds-CNY Funds Inward" account managed by it to pay the consideration for this transaction. The transfer of this agreement needs to be confirmed by the Shanghai Stock Exchange before it can handle the share transfer procedures at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited.