Zhongrong Life Insurance Co., Ltd. agreed to acquire 6.8% stake in Sichuan Hexie Shuangma Co., Ltd. (SZSE:000935) from Tianjin Saikehuan Enterprise Management Center (Limited Partnership) for approximately CNY 760 million on January 31, 2024. The offer per share is CNY 14.68 for 51.91 million shares of Sichuan Hexie Shuangma Co., Ltd. Zhongrong Life Insurance Co., Ltd. shall pay the first installment of the transfer price of CNY 23 million to the Tianjin Saikehuan Enterprise Management Center within five working days after all parties obtain the confirmation document from the Shenzhen Stock Exchange, and within thirty days after the completion the remaining transfer price of CNY 739.17 million.