Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., signed the share transfer agreement to acquire 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. from Zhu Fengxue for approximately CNY 140 million.

Haoyun Asset No. 4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd., signed the share transfer agreement to acquire 2.75% stake in Zhongman Petroleum and Natural Gas Group Corp., Ltd. (SHSE:603619) from Zhu Fengxue for approximately CNY 140 million on December 16, 2022. As per the transaction, Haoyun Asset No.

4 private equity securities investment fund, managed by Qingdao Haoyun Asset Management Co., Ltd. will acquire 11 million shares at CNY 13.02 per share. Zhu Fengxue will use the sale proceeds to repay its pledge financing debt in Shenwan Hongyuan.