Zhang Heyang signed an agreement to acquire 9.2% stake in Wanma Technology Co., Ltd. (SZSE:300698) from Zhang Desheng for approximately CNY 160 million on December 23, 2020. Under the terms of transaction, Zhang Heyang will purchase 12.3615 million shares at the purchase price of CNY 12.84 per share. Zhang Heyang completed the acquisition of 9.2% stake in Wanma Technology Co., Ltd. (SZSE:300698) from Zhang Desheng on March 23, 2021.