Yifan No. 7 Private Securities Investment Fund managed by Hainan Yifan Private Fund Management Co., Ltd. agreed tp acquire 5.66% stake in Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) from Cheng Lixin for CNY 480 million on July 17, 2023. The offer price is CNY 19.35 per share, and the transfer price is CNY 482.83 million. After this equity change, Mr. Cheng Lixin's shareholding in the company will drop from 22.66% to 17.00%.

Yifan No. 7 Private Securities Investment Fund managed by Hainan Yifan Private Fund Management Co., Ltd. completed the acquisition of 5.66% stake in Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) from Cheng Lixin on September 13, 2023.