Shanghai Gangtong Phase 1 Investment Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 5% stake in Easy Visible Supply Chain Management Co.,Ltd. (SHSE:600093) from Yunnan Jiutian Investment Holding Group Co., Ltd. for approximately CNY 650 million on October 27, 2019. Shanghai Gangtong Phase 1 Investment Partnership Enterprise (Limited Partnership) will acquire 56.1 million shares at CNY 11.52 per share. A first installment of CNY 140 million will be paid within 3 days since completion of judicial freeze of Easy Visible Supply Chain Management Co.,Ltd.’s shares. A second installment of CNY 200 million will be paid within 3 days since completion of transfer of 13 million shares in Easy Visible Supply Chain Management Co.,Ltd. A third installment of CNY 240 million will be paid within 3 days since completion of transfer of 26 million shares in Easy Visible Supply Chain Management Co.,Ltd. A fourth installment of CNY 66.5 million will be paid within 3 days since completion of delivery of all shares of Easy Visible Supply Chain Management Co.,Ltd. Prior to the transaction, Yunnan Jiutian Investment Holding Group Co., Ltd. held 427.74 million shares amounting to 38.11% stake and after the transaction, Yunnan Jiutian Investment Holding Group Co., Ltd will hold 371.62 million shares amounting to 33.11% stake in Easy Visible Supply Chain Management Co.,Ltd. On November 8, 2019, 74.88 million shares of Easy Visible Supply Chain Management held by Yunnan Jiutian Investment Holding Group Co., Ltd. were unfrozen. As of now, Yunnan Jiutian Investment Holding Group Co., Ltd. holds 415.04 million shares of Easy Visible Supply Chain Management, of which 384.79 million shares are still pledged. On December 12, 2019,Shanghai Gangtong Phase 1 Investment Partnership Enterprise signed a complementary agreement agreeing to changes in the payment schedule. As of December 7, 2019, the first installment of CNY 140 million was paid. The remaining balance of CNY 506.53 million will be paid after 3 days.