Yu Guirong signed a stake transfer agreement to acquire 5.87% stake in Lead Eastern Investment Co., Ltd. (SZSE:000673) from Nanfang Asset Management Co., Ltd. for approximately CNY 240 million on March 15, 2019. Yu Guirong will acquire 46.5 million shares of Lead Eastern Investment at CNY 5.13 per share. Yu Guirong cancelled the acquisition of 5.87% stake in Lead Eastern Investment Co., Ltd. (SZSE:000673) from Nanfang Asset Management Co., Ltd. on October 17, 2019.