Shanghai HFT Fortune Asset Management Co., Ltd. signed a Share transfer agreement to acquire 2% stake in SanFeng Intelligent Equipment Group Co., Ltd. (SZSE:300276) from Zhu Hanping for CNY 87 million on September 2, 2021. Shanghai HFT Fortune Asset Management Co., Ltd. shall pay CNY 15.099952 million as transaction deposit to the account designated by Zhu Hanping within 3 working days after receiving the consent letter, which is specifically used to pay the relevant taxes and fees for this agreement transfer. Shanghai HFT Fortune Asset Management Co., Ltd. shall pay Zhu Hanping the remaining transfer price of CNY 72 million within 2 working days after the completion of the transfer of the underlying shares. A

As per terms of transaction, Zhu Hanping will sell 28.6 million shares for CNY 3.04 for each share. Post completion, Zhu Hanping will hold 19.79% stake and Shanghai HFT Fortune Asset Management Co., Ltd. will hold 2% stake. Share transfer still needs to be confirmed by the Shenzhen Stock Exchange for compliance before the transfer procedures for the share transfer can be handled at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

The share transfer will not cause changes in the SanFeng Intelligent Equipment Group Co., Ltd. controlling shareholders and actual controllers. The transfer of shares under this agreement will not have an impact on the SanFeng Intelligent Equipment Group Co., Ltd. financial status, asset value and sustainable operation ability; at the same time, there is no circumstance that will harm the interests of the SanFeng Intelligent Equipment Group Co., Ltd. and small and medium investors.

Shanghai HFT Fortune Asset Management Co., Ltd. completed the acquisition 2% stake in SanFeng Intelligent Equipment Group Co., Ltd. (SZSE:300276) from Zhu Hanping on December 21, 2021. .Zhu Hanping holds 283,204,039 shares of the company, accounted for 20.01% of the company's total share capital