Wuxi Longshan Youdao Management Service Partnership (Limited Partnership) entered into an agreement to acquire 7.84% stake in Lawton Development Co., Ltd (SHSE:600209) from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd for approximately CNY 210 million on September 7, 2020. As a aprt of the transaction, Hainan Luoheng Electro Mechanics will transfer 34.4 million shares for CNY 6.09 per share.