Zhang Huajun entered into an agreement to acquire 5.05% stake in Qingdao Richen Food Co.,Ltd. (SHSE:603755) from Qingdao Boya Investment Holding Co., Ltd. and Qingdao Chenxing Zhiyuan Venture Capital Partnership Enterprise (Limited Partnership) for CNY 150 million on May 19, 2023. Share transfer also needs to go through compliance confirmation procedures in accordance with the relevant provisions of the Shanghai Stock Exchange on transfer of agreements, and go through the share transfer procedures at China Securities Depository and Clearing Corporation Limited.