Hangzhou Finance and Investment Group Co.,Ltd signed the share transfer agreement to acquire 5% stake in Shenzhen Hirisun Technology Incorporated (SZSE:300277) from Zhang Feng for approximately CNY 180 million on December 10, 2019. Hangzhou Finance and Investment Group Co.,Ltd will acquire 16.75 million shares at CNY 11 per share. Currently, Zhang Feng holds 55.3 million shares accounting for 16.51% stake. Post completion, Zhang Feng will hold 38.6 million shares accounting for 11.51% stake and Hangzhou Finance and Investment Group Co.,Ltd will hold 99.8 million shares accounting for 29.8% stake, provided that its share transfer with Shenzhen Pangu Tiandi Industrial Investment Co., Ltd. is also completely implemented. Hangzhou Finance and Investment Group Co.,Ltd completed the acquisition of 5% stake in Shenzhen Hirisun Technology Incorporated (SZSE:300277) from Zhang Feng on January 3, 2020. Zhang Feng received the remaining share transfer payment of CNY 124.25 million from Hangzhou Finance and Investment Group Co.,Ltd on January 6, 2020. The share transfer payment of CNY 184.25 million has been fully paid. Hangzhou Finance and Investment Group Co.,Ltd held 99.8 million shares of Shenzhen Hirisun Technology, accounting for 29.8% of the company's total share capital.