Shandong Railway Development Fund Co., Ltd. agreed to acquire 5.45% stake in Beijing Century Real Technology Co., Ltd. (SZSE:300150) from Niu Junjie and Wang Tie for approximately CNY 130 million on November 5, 2019. As per terms, Shandong Railway Development Fund Co., Ltd. will acquire 31.91 million shares at CNY 4.14 per share. As per terms of consideration, CNY 66.05 million will be paid within 10 days after the signing of the agreement and remaining CNY 66.05 million will be paid within 5 days after the completion of the transfer of shares. Niu Junjie will sell 24.89 million shares representing 4.25% stake and post completion, he will reduce his stake in Beijing Century Real Technology Co., Ltd. from 19.63% to 15.37%. Wang Tie will sell 7.02 million shares representing 1.2% stake and post completion, he will reduce his stake in Beijing Century Real Technology Co., Ltd. from 13.43% to 12.23%. Shandong Railway Development Fund Co., Ltd. completed the acquisition of 5.45% stake in Beijing Century Real Technology Co., Ltd. (SZSE:300150) from Niu Junjie and Wang Tie on November 28, 2019. The transfer registration procedures for the transfer of this agreement have been completed.