Wang Shengyu signed a Share Transfer Agreement to acquire a 5.64% stake in Ribo Fashion Group Co., Ltd. (SHSE:603196) from Qu Jiangting for CNY 88.8 million on January 27, 2022. Under the terms, Wang Shengyu will acquire 13,530,000 shares at a price of CNY 6.56 per share.

Wang Shengyu cancelled the acquisition of a 5.64% stake in Ribo Fashion Group Co., Ltd. (SHSE:603196) from Qu Jiangting on July 27, 2022.