Yang Zhi signed an agreement to acquire 4.89% stake in Hunan Mendale Hometextile Co.,Ltd (SZSE:002397) from Golden Eagle Asset Management Co. Ltd. for approximately CNY 310 million on July 1, 2019. Golden Eagle Asset Management Co. Ltd. will sell 38.12 million shares at CNY 8.09 per share. In a related transaction, Yang Zhi signed an agreement to acquire 4.89% stake in Hunan Mendale Hometextile Co.,Ltd from Manulife Teda Fund Management Co., Ltd. for approximately CNY 310 million. Prior to the transactions, Yang Zhi held no stake and after the transactions, Yang Zhi will hold 9.78% stake in Hunan Mendale Hometextile Co.,Ltd. Yang Zhi cancelled the acquisition of 4.89% stake in Hunan Mendale Hometextile Co.,Ltd (SZSE:002397) from Golden Eagle Asset Management Co. Ltd. on July 1, 2020.