Shanghai Yunmai Investment Center (Limited Partnership) signed a stake transfer agreement to acquire 5% stake in Lecron Internet Media Industry Co., Ltd. (SZSE:300343) from Essence Fund Management Co., Ltd and China Fund Management Co., Ltd. for approximately CNY 560 million on October 30, 2017. As per terms, Essence Fund Management Co., Ltd will sell 3.7 million shares and China Fund Management Co., Ltd. will sell 25.8 million shares at CNY 19 per share. Shanghai Yunmai Investment Center (Limited Partnership) completed the acquisition of 5% stake in Lecron Internet Media Industry Co., Ltd. (SZSE:300343) from Essence Fund Management Co., Ltd and China Fund Management Co., Ltd. on January 19, 2018. Shanghai Yunmai Investment Center (Limited Partnership) now owns 34.9 million unrestricted common shares in Lecron Internet Media Industry Co., Ltd. equivalent to a 5.9% stake.