Jiaxing Paradise Silicon Valley Equity Investment Co., Ltd. agreed to acquire 8.3% stake in Xinglong Holding (Group) Company Ltd. (SZSE:000955) from Hainan Zhuhua Science, Industry & Trade Co., Ltd. for approximately CNY 210 million on December 21, 2019. Jiaxing Paradise Silicon Valley Equity Investment Co., Ltd. will acquire 44.59 million shares of Xinglong Holding (Group) Company Ltd. at a price of CNY 4.8 per share.