Luo Huizhong signed a share transfer agreement to acquire 5% stake in Bode Energy Equipment Co., Ltd (SZSE:300023) from Zhao Min for approximately CNY 130 million on July 5, 2021. As reported, Luo Huizhong shall acquire 15.8 million shares in Bode Energy Equipment Co., Ltd. In related transactions, Liu Ke, Qian Xue and Lei Qin also entered into separate share transfer agreements to acquire 5% stake each in Bode Energy Equipment Co., Ltd from Zhao Min on July 5, 2021. Luo Huizhong shall pay with its own funds in installments or one-off payments to the receiving account designated by Zhao Min. The transaction is expected to close on July 15, 2021.