Guangzhou Hengmao Venture Capital Partnership signed an agreement to acquire 5.38% of Guangzhou Hangxin Aviation Technology Co., Ltd. (SZSE:300424) from Bu Fansheng and Huang Xin for approximately CNY 200 million on May 18, 2021. Under the transaction, 12.89 million shares will be purchased at a price of CNY 15.84 per share. Bu Fansheng will sell 9.7 million shares and Huang Xin will sell 3.1 million shares of Guangzhou Hangxin. As of May 27, 2021, Shenzhen Stock Exchange" Listed Company Share Transfer Application Confirmation Letter ([2021] No. 112), confirms the transfer of 9.76 million shares and 3.13 million shares of Guangzhou Hengmao to Guangzhou Hengmao by the transferors, Bu Fansheng and Huang Xin. The transaction is subject to Shenzhen Stock Exchange. Within 2 working days from the date when Bu Fansheng and Huang Xin receives all the share transfer price, Bu Fansheng and Huang Xin shall cooperate with Guangzhou Hengmao to submit a share transfer application and complete the transfer registration to the settlement company. Guangzhou Hengmao Venture Capital Partnership completed the acquisition of 5.38% of Guangzhou Hangxin Aviation Technology Co., Ltd. (SZSE:300424) from Bu Fansheng and Huang Xin on June 1, 2021. Post completion, Bu Fansheng and Huang Xin will hold 12.21% stake and 3.92% stake.