Han Yuanrong completed the acquisition of a 2.25% stake in Modern Avenue Group Co., Ltd. from Lin Yongfei.
June 29, 2023
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Han Yuanrong agreed to acquire a 2.25% stake in Modern Avenue Group Co., Ltd. (SZSE:002656) from Lin Yongfei for CNY 30.5 million on May 31, 2023.
Han Yuanrong completed the acquisition of a 2.25% stake in Modern Avenue Group Co., Ltd. (SZSE:002656) from Lin Yongfei on June 30, 2023. Post transaction, Lin Yongfei now holds 7.5577% and Han Yuanrong holds 2.2456% stake in Modern Avenue Group.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.
MODERN AVENUE GROUP CO., LTD. 
