Yuan Xionggui signed a share transfer agreement to acquire 5.04% stake in Tangel Publishing Co., Ltd. (SZSE:300148) from Hunan Tiara Investment Co., Ltd. and Xiao Le for approximately CNY 230 million on September 1, 2020. Yuan Xionggui will acquire 42.3 million shares in Tangel Publishing with a transfer price of CNY 5.35 per share. Yuan Xionggui will acquire 41.3 million and 0.96 million shares from Hunan Tiara Investment and Xiao Le constituting to 4.93% and 0.12% stake in Tangel Publishing respectively. Yuan Xionggui completed the acquisition of 5.04% stake in Tangel Publishing Co., Ltd. (SZSE:300148) from Hunan Tiara Investment Co., Ltd. and Xiao Le on September 29, 2020.