Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Yixin Investment Co., Ltd. signed framework agreement to acquire 19.73% stake in Shenzhen MTC Co., Ltd. (SZSE:002429) from Nanchang MTC Investment Partnership Enterprise (Limited Partnership) for CNY 4.4 billion on February 28, 2022. On May 26, 2022, Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Yixin Investment Co., Ltd. signed agreement to acquire 19.73% stake in Shenzhen MTC Co., Ltd. (SZSE:002429) from Nanchang MTC Investment Partnership Enterprise (Limited Partnership). As per the transaction, Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Yixin Investment Co., Ltd. will acquire 668.81 million shares (14.73%) and 226.34 million shares (5%) respectively at CNY 4.89 per share. Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Yixin Investment Co., Ltd. shall pay CNY 3 billion within three working days of delivery date while remaining CNY 1.36 billion payable within three working days after the completion of the share pledge registration procedures stipulated in this agreement. Post completion, Nanchang MTC Investment Partnership Enterprise (Limited Partnership) will hold 19.64% stake of Shenzhen MTC Co., Ltd. On July 8, 2022, Anti-Monopoly Authority of China has approved the transaction recently.

Shenzhen Capital Operation Group Co.,Ltd. and Shenzhen Yixin Investment Co., Ltd. completed the acquisition of 19.73% stake in Shenzhen MTC Co., Ltd. (SZSE:002429) from Nanchang MTC Investment Partnership Enterprise (Limited Partnership) on July 25, 2022.