Gao Yanming signed an agreement to acquire 6.8% in Baolingbao Biology Co.,Ltd. (SZSE:002286) from Liu Zongli for approximately CNY 210 million on January 28, 2021. Under the terms, Gao Yanming will pay CNY 25 million after signing of agreement, Within three working days from the date when both parties obtain the approval documents Gao Yanming will pay CNY 135.8 million and Within six months from the date of completion Gao Yanming will pay CNY 45.1 million. After the equity transfer, Gao Yanming will hold 24,932,118 shares of Baolingbao, accounting for 6.75% of the total shares of Baolingbao Biology.