Shenzhen Yuntu Asset Management Co., Ltd. signed a share transfer agreement to acquire 8.85% stake in Shanghai Xuerong Biotechnology Co.,Ltd. (SZSE:300511) from Yang Yongping for approximately CNY 270 million on June 5, 2019. Shenzhen Yuntu Asset Management Co., Ltd. will acquire 38 million shares for CNY 7.17 each. Prior to the transaction, Shenzhen Yuntu Asset Management Co., Ltd. held 0% stake and Yang Yongping held 39.86% stake. Post transaction, Shenzhen Yuntu Asset Management Co., Ltd. will hold 8% stake and Yang Yongping will hold 31.01% stake.