Nanjing Huazhiting Venture Capital Partnership (Limited Partnership) agreed to acquire 7.741% of stake in Changshu Fengfan Power Equipment Co., Ltd. (SHSE:601700) from Fan Jiangang for approximately CNY 450 million on December 5, 2022. The transaction is subject to approval of Shanghai Stock Exchange and Shanghai Branch of China Securities Depository and Clearing Co., Ltd.

Nanjing Huazhiting Venture Capital Partnership (Limited Partnership) canceled the acquisition of 7.741% of stake in Changshu Fengfan Power Equipment Co., Ltd. (SHSE:601700) from Fan Jiangang on December 20, 2022.