Gongqingcheng Borui Investment Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 14.6% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Shanghai Hurui Industry Co., Ltd. and Gongqingcheng Surui Investment Co., Ltd. on April 28, 2021. Shanghai Hurui and Gongqingcheng Surui will sell 43,045,057 and 50,000,000 shares respectively. As a result of transaction, Shanghai Hurui and Gongqingcheng Surui will cease to be shareholders of 6.74% stake and 7.83% stake in Jiangsu Wanlin Modern Logistics, respectively. Gongqingcheng Borui Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 14.6% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Shanghai Hurui Industry Co., Ltd. and Gongqingcheng Surui Investment Co., Ltd. on May 17, 2021.