Yao Qing, General Manager of GI Technologies Group Co., Ltd., signed an equity transfer agreement to acquire a 5.06% stake in GI Technologies Group Co., Ltd. from Gao Huaixue for approximately CNY 500 million.

Yao Qing, General Manager of GI Technologies Group Co., Ltd., signed an equity transfer agreement to acquire a 5.06% stake in GI Technologies Group Co., Ltd. (SZSE:300309) from Gao Huaixue for approximately CNY 500 million on January 12, 2018. Under the terms, Yao Qing will acquire 24.5 million shares at CNY 20.50 per share. As per the agreement, payment must be completed within 6 months since completion of delivery of the underlying equity.