Wang Hongqi and Quanzhou Water Dingsheng Equity Investment Partnership agreed to acquire a 29% stake in Wuxi Lihu Corporation Limited. (SZSE:300694) from Wuxi Lihu Zhizhen Investment Co., Ltd for approximately CNY 910 million on January 27, 2022. As of April 25, 2022, Wang Hongqi and Quanzhou Water Dingsheng Equity Investment Partnership signed an agreement with Wuxi Lihu Zhizhen Investment Co., Ltd. Lihu Zhizhen will transfer its 62,441,923 shares at CNY 14.51 per share.

Wang Hongqi and Quanzhou Water Dingsheng Equity Investment Partnership completed the acquisition of a 29% stake in Wuxi Lihu Corporation Limited. (SZSE:300694) from Wuxi Lihu Zhizhen Investment Co., Ltd on July 11, 2022.