Zhu Yilong signed agreement to acquire 5% stake in Electric Connector Technology Co., Ltd. (SZSE:300679) from Chen Yuxuan for approximately CNY 760 million on September 9, 2021. As per the transaction, Zhu Yilong will acquire 21.06 million shares at CNY 35.88 per share. Within 30 days from the transfer completion date, Zhu Yilong will make a one-time payment. Post completion, Chen Yuxuan will hold 85.96 million shares representing 20.41% stake of Electric Connector Technology Co., Ltd. Zhu Yilong completed the acquisition of 5% stake in Electric Connector Technology Co., Ltd. (SZSE:300679) from Chen Yuxuan on November 1, 2021.