Chongqing Lanhai Enterprise Management Consulting Partnership (Limited Partnership agreed to acquire a 5.01% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619) from Li Yuchi for approximately CNY 400 million on November 17, 2022. Under the terms, Chongqing Lanhai Enterprise Management will acquire 20,060,000 at a price of CNY 20 per share. Post acquisition, Li Yuchi will hold 7,878,460 shares and 1.97% stake in Zhongman Petroleum and Natural Gas.

Chongqing Lanhai Enterprise Management Consulting Partnership (Limited Partnership completed the acquisition of 5.01% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619) from Li Yuchi on December 22, 2022.