Suzhou Yonghui Longxing Equity Investment Partnership Enterprise (Limited Partnership) signed an agreement to acquire 12.2% stake in Lawton Development Co., Ltd (SHSE:600209) from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd for approximately CNY 330 million on June 3, 2020. Suzhou Yonghui Longxing Equity Investment Partnership Enterprise will acquire 53.4 million shares at an offer per share of CNY 6.086. In a related transaction, Zhejiang Shaoxing Jinjin Ledao Investment Partnership Enterprise (Limited Partnership) signed an agreement to acquire 7.8% stake in Lawton Development Co., Ltd (SHSE:600209) from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd for approximately CNY 210 million. A share transfer agreement has been resigned on September 7, 2020 in which Great and Great Wall Glory Securities Co., Ltd added as pledgee in the transaction, The pledgee agrees to transfer the underlying shares to the Suzhou Yonghui Longxing Equity Investment Partnership Enterprise (Limited Partnership) under the condition that the pledge of the underlying shares is not lifted. The pledgee also agrees to deduct the creditor's rights based on the specific circumstances of the share transfer money and the transfer requirements of the underlying shares, Cooperate with the Suzhou Yonghui Longxing Equity Investment Partnership Enterprise (Limited Partnership) to complete the procedures for removing the pledge of shares. Suzhou Yonghui Longxing Equity Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 12.2% stake in Lawton Development Co., Ltd (SHSE:600209) from Hainan Luoheng Electro Mechanics Engineering Equipment Installation Co. Ltd on October 19, 2020. China Securities Depository and Clearing Co., Ltd. issued the "Confirmation of Transfer Registration".