Nanchuan Xinhuo No. 3 Private Securities Investment Fund managed by Guangdong Nanchuan Private Equity Fund Management Co., Ltd. agreed to acquire 5% stake in Guangdong Huiyun Titanium Industry Co., Ltd. (SZSE:300891) from Chao Yang Investment Inc for CNY 161.2 million on December 21, 2023. The offer price per share is CNY 8.06 for 20 million of Guangdong Huiyun Titanium Industry Co., Ltd. Within 10 working days after the agreement, the buyer shall pay the seller the amount of CNY 34.2 million.

Within 8 months after the issuance of the confirmation documents by the Shenzhen Stock Exchange, the buyer shall pay the seller the remaining balance of the equity transfer price. This share transfer agreement still needs to acquire the compliance review confirmation opinion of the Shenzhen Stock Exchange and needs to process share transfer registration procedures in the China Securities Depository and Clearing Corporation Limited Shenzhen branch.