Wang Ji signed a share purchase agreement to acquire additional 5% stake in Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) from Zhejiang Huatong Holding Group Co., Ltd and Wang Miaotong for CNY 2.8 billion on March 14, 2021. As per the terms, will transfer 356.5 million shares representing 4.78% stake and Wang Miaotong will transfer 16.1 million shares representing 0.22% stake in Zhejiang Century Huatong Group Co.,Ltd. The transfer price is CNY 7.50 per share. After the transfer, Wang Ji will directly own 765.9 million shares representing 10.28% stake. Wang Ji completed the acquisition of additional 5% stake in Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) from Zhejiang Huatong Holding Group Co., Ltd and Wang Miaotong on June 3, 2021.