Pingrock Fz3 Hedge Private Securities Investment Fund managed by Shenzhen Pingrock Asset Management Co., Ltd. agreed to acquire a 5.9% stake in Shannon Semiconductor Technology Co., Ltd. (SZSE:300475) from Liu Jun for approximately CNY 520 million on January 24, 2022. Under the terms, 24,780,000 shares will be acquired at a price of CNY 20.81 per share. In a related transaction, Yansheng Phase III manged by Shenzhen Yansheng Asset Management Co., Ltd. agreed to acquire acquired 5% stake in Shannon Semiconductor Technology Co., Ltd. (SZSE:300475) on January 24, 2022. In another related transaction, Changlehui No. 16 managed by Changlehui Capital Liu Xiang agreed to acquire 4.3% and 1.6% stake from Liu Xiang and Liu Jun on January 24, 2022. Post acquisition, Shenzhen Pingrock Asset Management Co., Ltd. holds 5.9% stake and Liu Jun holds 2.85& stake.

Pingrock Fz3 Hedge Private Securities Investment Fund managed by Shenzhen Pingrock Asset Management Co., Ltd. completed the acquisition of a 5.9% stake in Shannon Semiconductor Technology Co., Ltd. (SZSE:300475) from Liu Jun on April 8, 2022.