Shanxi Changgao Asset Management Co., Ltd. signed an agreement to acquire 5% stake in Beijing Hanbang Technology Corp. from Wang Liqun for CNY 200 million on September 7, 2020. Shanxi Changgao Asset Management will acquire 14.9 million shares at CNY 13.43 per share. Post-completion, Shanxi Changgao Asset Management Co., Ltd. will hold 5% stake and Wang Liqun will reduce his stake to 15.44%. Wang Liqun and Shanxi Changgao signed a supplementary agreement on December 14, 2020.Wang Liqun's proposed transfer of shares is still under pledge, and the transfer price is mainly used to release the pledge of shares. The share transfer requires compliance confirmation from the Shenzhen Stock Exchange before the transfer of the share agreement can be handled at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.