AnHui Jinchun Nonwoven Co., Ltd. (SZSE:300877) intends to acquire 6% stake in Cubic Digital Technology Co., Ltd. from Fan Li and Fan Zhi on January 4, 2020. AnHui Jinchun Nonwoven Co., Ltd. (SZSE:300877) signs an agreement to acquire 6% stake in Cubic Digital Technology Co., Ltd. from Fan Li and Fan Zhi for approximately CNY 130 million on January 4, 2021. Under the terms, AnHui Jinchun Nonwoven will acquire 15 million shares each from Fan Li and Fan Zhi for CNY 4.41 per share.

Complete the transfer of the underlying shares within 20 working days after the transfer payment is completed. After the acquisition, Fan Li and Fan Zhi holds 15.8% and 15.86% stakes respectively. The transaction is subject to approval of Shenzhen Stock Exchange and Shenzhen Branch of China Securities Depository and Clearing Co., Ltd