Zhejiang Invest Equity Investment & Management Co., Ltd. signed a share transfer agreement to acquire a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd (SHSE:603088) from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen for CNY 86.1 million on September 3, 2021. In the acquisition, Zhejiang Invest Equity Investment & Management Co., Ltd. will acquire 15.4 million shares at CNY 5.6 per share. Zhejiang Invest Equity Investment & Management Co., Ltd. will acquire 0.1% stake from Ningbo Chengxing Holding Co., Ltd., 4.35% stake from Xu Jianfen and 0.55% stake from Zheng Gong. Zhejiang Invest Equity Investment & Management Co., Ltd. completed the acquisition of a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd (SHSE:603088) from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen on November 10, 2021. Post transaction, Ningbo Chengxing Holding Co., Ltd. will retain 98.268204 million share representing 31.98% stake, Zheng Gong will retain 10.414578 million shares representing 3.39% stake and Xu Jianfen will retain 4.302592 million shares representing 1.4% stake in JDM JingDaMachine(Ningbo)Co.Ltd.