Nanshan Group Co., Ltd. entered into an agreement to acquire 5.21% stake in Hengtong Logistics Co., Ltd. (SHSE:603223) from Longkou Nanshan Investment Co., Ltd. on October 22, 2020. The transaction price per share of the underlying shares is calculated at a 10% discount from the closing price on the day before the signing of this agreement.The transferee shall pay the transfer price to the account designated by the transferor within 2 working days from the delivery date of the transfer of the underlying shares.As a part of the transaction, Nanshan Group will acquire 14.7 shares of Hengtong Logistics.