Zhong Xuezhi signed an agreement to acquire 3.78% stake of Liaoning Kelong Fine Chemical,Inc. (SZSE:300405) from Jiang Yan for CNY 70 million on August 27, 2021. In a related transaction, Zhang Yiyu agreed to acquire 2.07% stake in Liaoning Kelong Fine Chemical,Inc. (SZSE:300405) from Jiang Yan. Under the transaction, Zhong Xuezhi will acquire 8.4 million shares at a price of CNY 8.33 per share. Zhong Xuezhi will pay the price in lumpsum.