Jiuyi Steady Growth No. 1 Private Securities Investment Fund entered into an agreement to acquire 5.05% stake in Leon Technology Co., Ltd. (SZSE:300603) from Wang Gang and Tianjin Hongrui Management Consulting Co., Ltd. for CNY 150 million on May 29, 2024. Jiuyi Steady will acquire 23.25 million shares in Leon Technology at CNY 6.50 per share.

Before this equity change, Wang Gang holds 22.64% stake of Leon Technology and Tianjin Hongrui Management Consulting Co., Ltd. holds 2.19% stake of Leon Technology. After this equity change, Wang Gang will 19.78% stake of Leon Technology. The transfer of shares under this agreement is subject to compliance review by the Shenzhen Stock Exchange and the transfer procedures for share agreements must be completed at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.