Taizhou Jiangyan Daode New Material Equity Investment Partnership (Limited Partnership) signed an agreement to acquire 3.6% in Jolywood (Suzhou) Sunwatt Co., Ltd. (SZSE:300393) from Lin Jianwei and Suzhou Pule Investment Management Co., Ltd. for approximately CNY 230 million on January 27, 2021. Taizhou Jiangyan Daode New Material Equity Investment Partnership (Limited Partnership) signed an agreement to acquire 5.25% in Jolywood (Suzhou) Sunwatt Co., Ltd. from Lin Jianwei and Suzhou Pule Investment Management Co., Ltd. for approximately CNY 330 million on January 27, 2021. As per terms, 28.3 million shares will be acquired at CNY 8.19 per share. Lin Jianwei will transfer 21.8 million shares and Suzhou Pule Investment Management Co., Ltd. will transfer 6.5 million shares. As per the new terms, 40.86 million shares will be acquired at CNY 8.19 per share. Lin Jianwei will transfer 34.3 million shares and Suzhou Pule Investment Management Co., Ltd. will transfer 6.5 million shares. Post completion, Lin Jianwei, Suzhou Pule Investment Management Co., Ltd., Suzhou Pule Investment Management Co., Ltd. and Taizhou Jiangyan Daode New Material Equity Investment Partnership Enterprise (Limited Partnership) will hold 16.58%, 12.46%, 0.91% and 10.95% respectively. Within 5 trading days after the agreement signing date, Taizhou Jiangyan Daode New Material Equity Investment Partnership (Limited Partnership) will pay not less than CNY 185 million and pay the remaining amount 1 day before the transfer. Taizhou Jiangyan Daode New Material Equity Investment Partnership (Limited Partnership) completed the acquisition of an agreement to acquire 5.25% in Jolywood (Suzhou) Sunwatt Co., Ltd. from Lin Jianwei and Suzhou Pule Investment Management Co., Ltd. on March 22, 2021.