Li Xiaoyan signed the share transfer agreement to acquire a 2.02% stake in SinoDaan Co., Ltd. (SZSE:300635) from Wu Junye for CNY 29.9 million on November 4, 2021. Wu Junye will transfer 2,753,095 shares to Li Xiaoyan at a price of CNY 10.857 per share. Li Xiaoyan will pay 10% of the transfer price, that is CNY 2.99 million within 10 working days after the agreement becomes effective and pay the remaining 90% of the transfer price, that is CNY 26.9 million on the date of the completion of the share transfer procedures. Proceeds from the sell will be used to settle share pledging debts.