Zhou Yawen agreed to acquire a 86.58839524% stake in Hengxin Shambala Culture Co.,Ltd. (SZSE:300081) from Meng Xianmin for CNY 86.6 million on March 21, 2023. Under the terms, Zhou Yawen will acquire 14.70 million shares at a price of CNY 5.89 per share in cash. Currently, Meng Xianmin holds 15.74% stake and post completion will hold 13.31% stake.