Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire 5.01% stake in Songcheng Performance Development Co.,Ltd (SZSE:300144) from Hangzhou Songcheng Group Holding Co., Ltd., Huang Qiaoling and Liu Ping for CNY 1.7 billion on December 5, 2022. As per the transaction, Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) will acquire 46,000,000 shares from Hangzhou Songcheng Group Holding Co., Ltd., 77,000,000 shares from Huang Qiaoling and 8,000,000 shares from Liu Ping.