Hou Zepei agreed to acquire a 2.01% stake in Offcn Education Technology Co., Ltd. (SZSE:002607) from Lu Zhongfang for approximately CNY 530 million on February 14, 2023. Under the terms, Hou Zepei will acquire 123 million shares at a price of CNY 4.305 per share in cash. Currently, Lu Zhongfang holds 7.79% stake, and will decrease its holding to 5.78% stake in Offcn Education