Zheng Kaisong signed an agreement to acquire 5.81% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd. for CNY 95.2 million on May 14, 2020. Under the terms of the transaction, Zheng Kaisong will acquire 35.9 million shares in Guangdong Qunxing Toys Joint-Stock Co., Ltd. at CNY 2.65 per share. Zheng Kaisong shall pay the purchase price within 10 days after the Shenzhen Stock Exchange issues compliance confirmation on the transfer of shares and transfers the equity in China Securities Depository and Clearing Corporation Limited Shenzhen Branch. In a related transaction, another investor signed an agreement to acquire 5.9% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd. for CNY 96.7 million. After this transaction, Guangdong Qunxing Investment Co., Ltd. will no longer hold any stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. Zheng Kaisong completed the acquisition of 5.81% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd. on May 28, 2020.