Guangzhou Finance Holdings Group Co., Ltd agreed to acquire 8.9% stake in Xiamen Jihong Package Technology Corp. (SZSE:002803) from Zhuang Hao and Zhuang Shu for approximately CNY 440 million on July 14, 2019. As per the transaction, Gangzhou Financial Holding Group will acquire 20 million shares at CNY 21.88 per share. Zhuang Hao and Zhuang Shu will sell 16.95 million (7.61%) and 3.05 million shares (1.37%) stake respectively. The 80% of the consideration will be paid within seven days since signing of the respective agreement. Zhuang Hao will receive CNY 296.6 and Zhuang Shu will receive CNY 53.39 million. The remaining consideration will be paid within seven days since completion of change of registry procedures. Zhuang Hao will receive CNY 74.17 million and Zhuang Shu will receive CNY 13.35 million. As of August 9, 2019, the agreement was revised. As per the revise plan, Zhuang Hao and Zhuang Shu will sell 16.5 million (7.41%) and 3.5 million shares (1.57%) stake respectively.