Xihua Qinglan No. 1 Private Securities Investment Fund managed by Jiangsu Xihua Private Equity Fund Management Co., Ltd. agreed to acquire a 5% stake in Jiangsu Yangdian Science & Technology Co. Ltd. (SZSE : 301012) from Zhao Henglong for approximately CNY 120 million on February 13, 2023.

Under the terms, Xihua Qinglan No. 1 Private Securities will acquire CNY 29.6 per share in cash.