Zhang Huan signed Share Transfer Agreement to acquire 5.36% stake in Zhejiang Bangjie Holding Group Co., Ltd. (SZSE:002634) from Tao Jianwei and Jin Yunzhi for approximately CNY 200 million on December 15, 2020. Under the terms of agreement, Tao Jianwei and Jin Yunzhi will transfer 24,309,492 and 316,675 shares, to Zhang Huan at price of CNY 8.25 per share. Within 30 trading days after the agreement is effective, Zhang Huan will pay the transfer price.