Jiangyin Mould Plastics Group CO.,LTD signed the share transfer agreement to acquire 5.9% stake in Jiangnan Mould & Plastic Technology Co., Ltd. (SZSE:000700) from Jiangyin Jingli Machinery Co., Ltd. for approximately CNY 300 million on August 3, 2021. As per terms of transaction, Jiangyin Mould Plastics Group CO.,LTD will acquire 54.9 million shares at CNY 5.45. On August 5, 2021, Jiangyin Mould Plastics Group CO., LTD submitted a request to the Shenzhen Stock Exchange for exemption from the increase in holdings of shares by way of an offer for this equity change, and it was approved by the Shenzhen Stock Exchange on August 6, 2021. Jiangyin Mould Plastics Group CO.,LTD completed the acquisition of acquire 5.9% stake in Jiangnan Mould & Plastic Technology Co., Ltd. (SZSE:000700) from Jiangyin Jingli Machinery Co., Ltd on September 8, 2021. Post completion, Jiangyin Jingli Machinery Co., Ltd. hold no stake in Jiangnan Mould & Plastic Technology Co., Ltd. while Jiangyin Mould Plastics Group CO.,LTD will hold 37.854% stake of Jiangnan Mould & Plastic Technology Co., Ltd.