Guangzhou Development Zone Intelligent Manufacturing Industry Investment Co., Ltd. signed a share transfer agreement to acquire 8.35% stake in Guangdong Sunwill Precising Plastic Co.,Ltd (SZSE:002676) from Western Leadbank Fund Increased Profits No. 1 Asset Management Plan for approximately CNY 260 million on August 16, 2021. As a part of the transaction, 60.14 million hares will be acquired for CNY 4.3 per share. As per update on August 18, 2021, Western Leadbank Fund Increased Profits No. 1 Asset Management Plan shall make the payment within ten working days when all the prerequisites stated in the agreement has been fulfilled. Post closing of the agreement and judicial auction transfer Guangzhou Development Zone Intelligent Manufacturing Industry Investment will own 16.82% stake in Guangdong Sunwill Precising Plastic.