Yan Nan agreed to acquire 5% stake in Wanma Technology Co., Ltd. (SZSE:300698) from Sheng Tao for CNY 185.18 million on December 28, 2023. The transfer price per share was CNY 27.64, and the total transfer price amounts to CNY 185.18 million. After the equity change, Sheng Tao holds 15.28% from 20.28%.

This share transfer transaction still requires Shenzhen Stock Exchange to conduct a compliance confirmation before the share transfer procedures can be processed in China Securities Depository and Clearing Corporation Limited Shenzhen branch.