You Guiling signed an agreement to acquire 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd (SHSE:603991) from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management (Beijing) Co., Ltd. for approximately CNY150 million on December 14, 2020. On the day of the agreement’s effectivity date, You Guiling will make the first payment to sellers (CNY60 million to Shanghai Zhizheng Enterprise Group Co., Ltd. and CNY2 million to Anhui Anyi Datong Equity Investment Partnership Enterprise (Limited Partnership)). On the day of completion You Guiling will pay the remaining transfer price to the sellers’ designated accounts (CNY83,170,204.11 to Shanghai Zhizheng Enterprise Group Co., Ltd. and and CNY1,931,000.00 to Anhui Anyi Datong Equity Investment Partnership Enterprise (Limited Partnership)). As part of the agreement, Shanghai Zhizheng Enterprise will sell 3.6 million shares representing 4.89% stake for consideration of CNY 143 million and Anyi Datong Equity Investment Partnership will sell 0.1 million shares representing 0.13% stake for consideration of CNY 3.9 million. You Guiling completed the acquisition of 5.02% stake in Shanghai Original Advanced Compounds Co., Ltd (SHSE:603991) from Shanghai Zhizheng Enterprise Group Co., Ltd. and Anhui Anyi Datong Equity Investment Partnership L.P. fund managed by Qingkong Jinxin Capital Management (Beijing) Co., Ltd. on December 23, 2020.