Qi Daguang entered into an agreement to acquire 21.35% stake in Lontrue Co., Ltd. (SZSE:300175) from Xinjiang Shanglong Equity Investment Management Co., Ltd. for approximately CNY 420 million on February 28, 2019. Under the terms of the transaction, Qi Daguang will acquire 100.5 million shares at CNY 4.21 per share. Qi Daguang currently holds 2.6% stake in Lontrue Co., Ltd.

Qi Daguang cancelled the acquisition of 21.35% stake in Lontrue Co., Ltd. (SZSE:300175) from Xinjiang Shanglong Equity Investment Management Co., Ltd. on February 28, 2020.