Hunan Xiaoxiang Xinsheng Private Equity Fund Partnership (Limited Partnership) signed an agreement to acquire 5% stake in TIZA Information Industry Corporation INC. (SZSE:300209) from Wuxi Zhongzhu Group Co., Ltd. for approximately CNY 200 million on May 15, 2020. As per the transaction, Hunan Xiaoxiang Xinsheng Private Equity Fund Partnership (Limited Partnership) will acquire 21.31 million shares at CNY 9.3859 per share. Under the agreement, Wuxi Zhongzhu Group Co., Ltd. shall pay first payment of CNY 40 million within five working days of comes into effect and the Shenzhen Stock Exchange ’s compliance review confirmation of this share transfer is obtained and remaining CNY 160 million shall be payable within 5 working days after the share transfer agreement comes into effect and the Shenzhen Stock Exchange ’s compliance review confirmation of this share transfer is obtained. As on May 25, 2020, Hunan Xiaoxiang Xinsheng Private Equity Fund Partnership (Limited Partnership) entered into Share Transfer Agreement Supplement Agreement to acquire 2% stake in TIZA Information Industry Corporation INC. from Wuxi Zhongzhu Group Co., Ltd for CNY 85.2 million. As per revised terms of transaction, Hunan Xiaoxiang Xinsheng Private Equity Fund Partnership (Limited Partnership) will acquire 8.523394 million share at CNY 10 per share. Hunan Xiaoxiang Xinsheng Private Equity Fund Partnership (Limited Partnership) completed the acquisition of 2% stake in TIZA Information Industry Corporation INC. from Wuxi Zhongzhu Group Co., Ltd on August 5, 2020.