Shao Yutian agreed to acquire a 6.105% stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Baida Holding Group Co., Ltd. and Taizhou Chuangli New Material Technology Co., Ltd. for for approximately CNY 130 million on January 19, 2023. In a related transaction, Hangzhou Zhonghu Private Equity Fund Management Co., Ltd. agreed to acquire 9.50% stake in Zhejiang Baida Precision Manufacturing Corp. Baida Holding Group Co., Ltd. will sell 5.57 million and Taizhou Chuangli New Material Technology Co., Ltd. will sell 5.30 million share.

Shao Yutian completed the acquisition of a 6.105% stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Baida Holding Group Co., Ltd. and Taizhou Chuangli New Material Technology Co., Ltd. on April 6, 2023.