Fang Donghui agreed to acquire a 8.36% stake in Zhejiang Chenfeng Technology Co., Ltd. (SHSE:603685) from Haining Qiujing Investment Co., Ltd. for approximately CNY 140 million on May 7, 2023. Under the terms, Fang Donghui will acquire 14.13 million shares at a rprice of CNY 9.93 per share cash.

Fang Donghui completed the acquisition of 8.36% stake in Zhejiang Chenfeng Technology Co., Ltd. (SHSE:603685) from Haining Qiujing Investment Co., Ltd. on August 11, 2023.