Liu Yong agreed to acquire 9.38% stake in China Dive Company Limited (SZSE:300526) from GEM INVESTMENT (HONG KONG) COMPANY LIMITED for approximately CNY 390 million on August 9, 2019. Liu Yong will acquire 16 million shares at a price of CNY 24.498 per share. On completion, GEM INVESTMENT (HONG KONG) COMPANY LIMITED will own 24.5% stake in China Dive Company. Liu Yong cancelled the acquisition of acquire 9.38% stake in China Dive Company Limited (SZSE:300526) from GEM INVESTMENT (HONG KONG) COMPANY LIMITED on August 9, 2020.