Monalisa Group CO.,Ltd (SZSE:002918) signed a share transfer agreement to acquire the remaining 13.49% stake in Guangxi Monalisa New Material Co., Ltd from Country Garden Venture Capital for CNY 250 million on April 15, 2022. The transfer price of this transaction is paid in a lump sum. On the condition that the seller fully fulfills its commitments, guarantees and other conditions as stated in this agreement, the buyer shall pay the full amount to the bank account designated by the seller before April 25, 2022. After, the company will own 100% stake in the target. As of March 31, 2022, Total assets of Target were CNY 2,386.83 million and Net Assets were CNY 1,268.57 million. The deal was approved by the board of Monalisa Group CO.,Ltd (SZSE:002918).