Ruan Jilin, Zhang Qichun, Shi Yangzhong agreed to acquire a 16.50% stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Baida Holding Group for approximately CNY 290 million on September 2, 2022. Under the terms, 29,396,825 will be acquired at a price of CNY 9.89 per share.