Liang Jianhong entered into an agreement to acquire 5% stake in Shenzhen Prince New Materials Co., Ltd. from Wang Jinjun and Wang Wujun for approximately CNY 100 million.

Liang Jianhong entered into an agreement to acquire 5% stake in Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) from Wang Jinjun and Wang Wujun for approximately CNY 100 million on July 26, 2019. Under the terms, 5.8 million shares were acquired from Wang Jinjun and 1.3 million shares were acquired from Wang Wujun for CNY 14.5 per share.