Shenzhen Huangting Renhe Investment Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 5.01% stake in Shenzhen Wongtee International Enterprise Co., Ltd. (SZSE:200056) from Suzhou Herui Jiuding Investment Center (Limited Partnership), a fund managed by Tibet Kunwu Jiuding Investment Management Co., Ltd. for approximately CNY 250 million on January 9, 2020. Under the terms, Shenzhen Huangting Renhe Investment Partnership Enterprise (Limited Partnership) will acquire 58.88 million shares in Shenzhen Wongtee International Enterprise Co., Ltd. for CNY 4.3 per share. On December 25, 2019, Shenzhen Huangting Renhe Investment Partnership Enterprise (Limited Partnership) completed its internal approval procedures and also informed that equity change was approved.