Yuantong Zhiying Exclusive No. 1 Private Securities Investment Fund, managed by Yuantong (Tianjin) Asset Management Co., Ltd. signed a Share Transfer Agreement to acquire a 5.01% stake in Long Yuan Construction Group Co., Ltd. (SHSE:600491) from Lai Zhenyuan for approximately CNY 450 million on July 20, 2022. As part of the transaction, Yuantong Zhiying Exclusive No. 1 Private Securities Investment Fund will acquire 76.6 million shares at a price of CNY 5.88 per share and the consideration will be paid in tranches.

Yuantong Zhiying Exclusive No. 1 Private Securities Investment Fund, managed by Yuantong (Tianjin) Asset Management Co., Ltd. completed the acquisition of 5.01% stake in Long Yuan Construction Group Co., Ltd. (SHSE:600491) from Lai Zhenyuan on November 10, 2022.