Li Wanzhen agreed to acquire a 5.03% stake in Shenzhen Huijie Group Co., Ltd. (SZSE:002763) from Lin Shengzhi for approximately CNY 140 million on September 17, 2022. Under the terms, Li Wanzhen will acquire 20,600,000 unrestricted shares of Shenzhen Huijie for CNY 6.89 per share. Post acquisition, Lin Shengzhi wil hold 112,594,600 shares representing 27.47% stake in Shenzhen Huijie.