Jinan Zhijing Investment Partnership Enterprise (Limited Partnership) agreed to acquire a 5% stake in Shanghai Xintonglian Packaging Co., Ltd. (SHSE:603022) from Wuhu Yuanche Bifang Investment Center (Limited Partnership) for CNY 92.9 million on November 14, 2022. Under the terms, Jinan Zhijing Investment will acquire 10 million shares of Shanghai Xintonglian at a price of CNY 9.29 per share.