Jiang Zugong won a bid to acquire additional 7.81% stake in Zhejiang Juli Culture Development Co.,Ltd. (SZSE:002247) from Yu Haifeng for approximately CNY 120 million on October 11, 2021. Under the terms Jiang Zugong will acquire 66.4 million shares. Post completion Jiang Zugong's shares in Zhejiang Juli Culture Development Co.,Ltd will increase from 19.40 million shares (2.28% stake) to 85,836,363 shares (10.09% stake). As of November 2, 2021, Jiang Zugong fully paid the transaction price.

Jiang Zugong completed the acquisition of additional 7.81% minority stake in Zhejiang Juli Culture Development Co.,Ltd. (SZSE:002247) on November 29, 2021. Jiang Zugong now holds 10.09% stake in Zhejiang Julstake.