Shanghai Linjun Electronic Technology Co., Ltd. ahreed to acquire 6.97% stake in Chongqing road & bridge co.,ltd (SHSE:600106) from Tsinghua Tongfang Guoxin Investment Holding Co., Ltd. for CNY 480 million on December 28, 2021. Transfer price will be paid before December 28, 2021. As of the date of this report, transfer price of CNY 198,246,470 has been paid.

Parties have agreed to a grace period until January 15, 2022. Post acquisition Tsinghua Tongfang Guoxin Investment Holding Co., Ltd. will no longer be a shareholder and Shanghai Linjun Electronic Technology Co., Ltd. will hold 13.89% stake in Chongqing road & bridge co.,ltd.