Cangzhou Taihe Building Materials Co., Ltd. signed a share transfer agreement to acquire 7.41% stake in Yango Group Co., Ltd (SZSE : 000671) from Taikang Life Insurance Co., Ltd. and Taikang Pension & Insurance Co.,Ltd. for approximately CNY 940 million on December 27, 2021. As part of the transactions, Cangzhou Taihe will pay CNY 3.05 per share to acquire 4.46% stake equals to 184,518,529 shares from Taikang Life and 2.95% stake equals to 122,209,297 shares from Taikang Pension, totaling CNY 935.5 million consideration. On the date of signing the agreement, Cangzhou Taihe shall pay CNY 505.13 million to the bank account designated by Taikang Life and Taikang Pension. Upon completion, Cangzhou Taihe Building will own 306.73 shares, representing a 7.41% stake in Yango Group.

Cangzhou Taihe Building Materials Co., Ltd. completed the acquisition of 7.41% stake in Yango Group Co., Ltd (SZSE : 000671) from Taikang Life Insurance Co., Ltd. and Taikang Pension & Insurance Co.,Ltd. on December 31, 2021.