Zhongshan Huaying Industrial Investment Partnership Enterprise (Limited Partnership) agreed to acquire a 5% stake in LingNan Eco&Culture-Tourism Co.,Ltd. (SZSE:002717) from Yin Hongwei, Yin Zhiyang and Qin Guoquan for approximately CNY 300 million on September 19, 2022. Under the terms, Zhongshan Huaying Industrial Investment will acquire 84,260,000 shares in LingNan Eco&Culture. Posy acquisition, Yin Hongwei will hold 17.32% stake, Yin Zhiyang will hold 0% stake and Qin Guoquan will hold 0.29% stake in LingNan Eco&Culture-Tourism Co.,Ltd. Zhongshan Huaying Industrial Investment Partnership partners approved the transaction

Zhongshan Huaying Industrial Investment Partnership Enterprise (Limited Partnership) completed the acquisition of a 5% stake in LingNan Eco&Culture-Tourism Co.,Ltd. (SZSE:002717) from Yin Hongwei, Yin Zhiyang and Qin Guoquan on December 2, 2022.