Zhejiang Shaoxing Jinjin Ledao Investment Partnership Enterprise (Limited Partnership) entered into share transfer 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 June 3, 2020. Under the terms of the transaction, Zhejiang Shaoxing Jinjin Ledao will acquire 34.4 million shares at CNY 6.086 per share. In a related transaction, Suzhou Yonghui Longxing Equity Investment Partnership Enterprise (Limited Partnership) will acquire 12.16% stake in Lawton Development Co., Ltd from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd and Lawton Development Co., Ltd will raise CNY 447.8 million to fund the projects.