Suzhou Shajiabang Tourism Development Co., Ltd. signed an agreement to acquire 5.6% stake in Jiangsu Zhongli Group Co.,Ltd (SZSE:002309) from Jiangsuzhongli Holdings Group Co., Ltd. for CNY 18.7 million on January 14, 2021. Suzhou Shajiabang Tourism Development will acquire 4.9 million shares at an offer per share of CNY 3.83. Out of CNY 18.7 million, CNY 9.36 million would be transferred within 5 days from the effective date of this agreement and CNY 9.36 million within 3 days from the date when all the underlying shares are transferred. After completion of the transaction, Jiangsuzhongli Holdings Group will hold 0.04 million shares after completion of the transaction.