Great Wall Capital Ruixin No. 5 Collective Asset Management Plan, managed by Great Wall Capital Management Co., Ltd. signed a Share Transfer Agreement to acquire a 5.2% stake in Chongqing Mas Sci.&Tech. Co., Ltd. (SZSE:300275) from Ma Yan for CNY 97.7 million on November 27, 2021.

As part of the transaction, Great Wall Capital will acquire 9.77 million shares at CNY 10 per share. As of April 12, 2022, Great Wall Capital Management Co., Ltd. signed a Supplementary Agreement to the Share Transfer Agreement, since the original agreement did not specify the specific name of the fund, the payment ratio etc. and reports that within five working days after the fund obtains the product record, Great Wall Capital Ruixin No.

5 shall pay Ma Yan the first installment of the share transfer payment of CNY 53 million and CNY 44.7 million within 5 days following completion and the approval of China Securities Regulatory Commission. As of the date of this agreement, Ma Yan held 39,104,800 shares of Chongqing Mas, accounting for 20.78% of the current total share capital. Post completion, Ma Yan will hold 29,334,800 shares, accounting for 15.59% of Chongqing Mas's current total share capital, and still will be the controlling shareholder and actual controller of Chongqing Mas.