Saide Investment and Zhongneng Huaan (Beijing) New Energy Technology Co., Ltd. signed the share transfer agreement to acquire a 19.99% stake in Tus-Design Group Co., Ltd. (SZSE:300500) from Suzhou Saide Investment Management Co., Ltd. for approximately CNY 590 million on May 11, 2023. The transfer price is CNY 16.87 cash per share. After closing, Zhongneng Huaan will own 34,777,500 shares in the Tus-Design Group, accounting for 19.99% stake.