Guangzhou Development Zone Intelligent Manufacturing Industry Investment Co., Ltd. signed a share transfer agreement to acquire a 8% stake in Guangdong Sunwill Precising Plastic Co.,Ltd (SZSE:002676) from Western Leadbank Fund Management Company Limited for approximately CNY 370 million on October 15, 2021. Guangzhou Development will acquire 57.6 million shares at a price of CNY 6.44 per share. Within ten working days after all the preconditions stated in this agreement have been fulfilled, 50% of the share transfer amount shall be paid.

Within ten working days after all the preconditions stated in this agreement have been fulfilled, 50% of the share transfer amount shall be paid. Western Leadbank Fund Management Company Limited will hold 8.71% and Guangzhou Development after the previous judicial auction and this equity transfer will hold 25.25% stake in Guangdong Sunwill Precising Plastic and will become controlling shareholder.