Wang Baoqing, Lu Bin, Cheng Zhangwen and Xi Chao entered into an agreement to acquire a 21.36% stake in Neway Valve (Suzhou) Co., Ltd. (SHSE:603699) from Neway Group Co., Ltd. for CNY 1.1 billion on May 5, 2022. The transfer price is CNY 6.82 per share.

Wang Baoqing, Lu Bin, Cheng Zhangwen and Xi Chao completed the acquisition of a 21.36% stake in Neway Valve (Suzhou) Co., Ltd. (SHSE:603699) from Neway Group Co., Ltd. on July 7, 2022.