Zhang Chuquan signed the share transfer agreement to acquire additional 5% stake in HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) from Kingsway International Limited for approximately CNY 300 million on December 11, 2020. As per the terms of the transaction, Zhang Chuquan shall acquire 15.4 million shares in HMT (Xiamen) New Technical Materials Co., Ltd at a price of CNY 19.7 per share. Zhang Chuquan completed the acquisition of 5% stake in HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) from Kingsway International Limited on December 22, 2020. Before the transaction, Zhang Chuquan directly held 17.3 million. After completion of the transaction, Zhang Chuquan holds 3.3 million shares of HMT (Xiamen) New Technical Materials.