Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 8% stake in Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) from Li Min for approximately CNY 130 million on July 10, 2023. Under the terms, Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will pay CNY 10 million within 15 working days from the effective date of this agreement, 20% of the transfer price within 30 working days after obtaining the compliance confirmation letter from the Shanghai Stock Exchange and the remaining within 30 working days after the re-election of the board of directors of Chengbang Eco-Environment's is completed. As part of the transaction, Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will pay CNY 5.99 per share to acquire 21,141,120 shares in Chengbang Eco-Environment. Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise will conduct a due diligence on Chengbang Eco-Environment.

Nanfeng Galaxy Gongwu Capital Management Partnership Enterprise (Limited Partnership) cancelled the acquisition of 8% stake in Chengbang Eco-Environment Co.,Ltd. (SHSE:603316) from Li Min on January 15, 2024.