Wang Xiangyu agreed to acquire 5% stake in Zhejiang Tiantai Xianghe Industrial Co.,Ltd. (SHSE:603500) from Tang Youqian, and Tang Wenming for CNY 100 million on March 21, 2022.

Wang Xiangyu completed the acquisition of a 5% stake in Zhejiang Tiantai Xianghe Industrial Co.,Ltd. (SHSE:603500) from Tang Youqian, and Tang Wenming on July 18, 2022.