Liangyuan Selected No. 4 Private Equity Securities Fund managed by Shanghai Liangyuan Assets Management Co., Ltd. agreed to acquire a 10% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. (SHSE:603655) from Qi Jianguo for approximately CNY 290 million on March 1, 2023. In a related transaction, Hainan Deya Venture Capital Partnership agreed to acquire a 8% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo for approximately CNY 230 million, Gongqingcheng Junshan Investment Partnership agreed to acquire a 26% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo, Fan Xiaofeng, Changzhou Jintan Juntai Investment Consulting Co., Ltd. for approximately CNY 750 million and Qingdao Aopa Xinrong Equity Investment Center agreed to acquire a 10% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo for approximately CNY 290 million.

Under the terms, Liangyuan Selected will acquire 10.6 million shares at a price of CNY 27.15 per share. Currently, Qi Jianguo holds 42.45% stake and post acquisition of all transactions will hold 7.32% stake in Changzhou Langbo Sealing.