Wang Hao signed share purchase agreement to acquire 2.4% stake in Souyute Group Co.,Ltd (SZSE:002503) from Ma Hong for CNY 96.8 million on May 12, 2021. After the acquisition, Wang Hao will hold 2.43% stake and Ma Hong will hold 18.83% stake. The transaction is subjected to approval from Shenzhen Stock Exchange. Wang Hao completed the acquisition of 2.4% stake in Souyute Group Co.,Ltd (SZSE:002503) from Ma Hong on June 1, 2021.