Wuhu Yuanche Bifang Investment Center (Limited Partnership) signed a share transfer agreement to acquire a 18.45% stake in Shanghai Xintonglian Packaging Co., Ltd. (SHSE:603022) from Shanghai Wenjie Investment Consulting Partnership (Limited Partnership) and Cao Wenjie for approximately CNY 420 million on June 21, 2021. Under the transaction, Wuhu Yuanche Bifang Investment Center (Limited Partnership) will acquire 29.3962 million shares representing 14.7% stake from Cao Wenjie for CNY 333.352908 million and 7.5 million shares representing 3.75% stake from Shanghai Wenjie Investment Consulting Partnership (Limited Partnership) for CNY 85.05 million. Post transaction, Shanghai Wenjie Investment Consulting Partnership (Limited Partnership) will not have any stake and Cao Wenjie will have 88.1888 million shares representing 44.09% stake in Shanghai Xintonglian Packaging Co., Ltd.