Chiyao No. 12 Private Securities Investment Fund managed by Shanghai Chiyao Investment Co., Ltd agreed to acquire 5% stake in Guangdong Haomei New Materials Co.,Ltd (SZSE:002988) from Guangdong Haomei Investment Group Co., Ltd. and Nam Kam Trading Company for approximately CNY 180 million on August 25, 2023. The per share price of Guangdong Haomei New Materials Co.,Ltd is CNY 15.76 per share for a total of CNY 183.76 million.

Chiyao No. 12 Private Securities Investment Fund managed by Shanghai Chiyao Investment Co., Ltd completed the acquisition of 5% stake in Guangdong Haomei New Materials Co.,Ltd (SZSE:002988) from Guangdong Haomei Investment Group Co., Ltd. and Nam Kam Trading Company on April 17, 2024.