Hu Weisheng signed a share transfer agreement to acquire a 5% stake in China Dive Company Limited (SZSE : 300526) from Shenzhen Juemeng Management Advisory Co., Ltd. for CNY 65 million on May 17, 2022. Pursuant to the transaction, Hu Weisheng will pay CNY 6.365 per share for 10,212,450 shares, representing 5% stake in China Dive Company. On the day after the agreement becomes effective, Hu Weisheng will pay a deposit of CNY 20 million and within 10 working days after the agreement becomes effective, Hu Weisheng will pay the remaining amount.