Qingdao Aopa Xinrong Equity Investment Center 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, Gongqingcheng Junshan Investment Partnership agreed to acquire a 26% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. (SHSE:603655) from Qi Jianguo, Fan Xiaofeng and Changzhou Jintan Juntai Investment Consulting Co., Ltd. for approximately CNY 750 million, 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. from Qi Jianguo for approximately CNY 290 million and 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.

Under the terms, Qingdao Aopa will acquire 10.6 million shares at a price of CNY 27.15 per share in cash. Currently, Qi Jianguo holds 42.45% stake and post acquisition of all transactions will hold 7.32% stake in Changzhou Langbo Sealing. Qingdao Aopa Xinrong Equity Investment Center will use its own funds or self-raised funds for the consideration.