Chen Zhigang singed a Share Transfer Agreement to acquire a 5.13% stake in China Railway Prefabricated Construction Co., Ltd. from Sun Zhiqiang for approximately CNY 140 million.

Chen Zhigang singed a Share Transfer Agreement to acquire a 5.13% stake in China Railway Prefabricated Construction Co., Ltd. (SZSE:300374) from Sun Zhiqiang for approximately CNY 140 million on November 6, 2023. As part of the transaction, Chen Zhigang will acquire 12,605,000 shares. Post completion, Chen Zhigang will hold 22.96% stake in China Railway Prefabricated.