Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) signed a share transfer framework agreement to acquire 24.2% stake in Vtron Group Co.,Ltd. (SZSE:002308) from Vtron Investment Limited, He Xiaoyuan and He Yongyu for CNY 1.5 billion on January 20, 2020. As of March 18, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire 24.2% stake in Vtron Group Co.,Ltd. (SZSE:002308) from Vtron Investment Limited, He Xiaoyuan and He Yongyu. Under the terms of the transaction, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) would acquire 219.50 million shares at transfer price of CNY 6.63 per share. The consideration of CNY 1.4 billion will be paid to Vtron Investment, CNY 40 million will be paid to He Xiayuan and CNY 14 million will be to He Yongyu. As on April 9, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise entered into a supplementary agreement on share transfer agreement to acquire 24.2% stake in Vtron Group from Vtron Investment Limited, He Xiaoyuan and He Yongyu. Under the terms of supplementary agreement, the transferor pays CNY 260 million as the deposit for this transaction in two installments. As on May 9, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise entered into second supplementary agreement on share transfer agreement to acquire 24.2% stake in Vtron Group from Vtron Investment Limited, He Xiaoyuan and He Yongyu. In a related transaction, He Yongyu signed the supplementary agreement to the share transfer framework agreement with Beijing Guoxin CIMC Investment Management Co., Ltd. on February 14, 2020. As of May 12, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) paid the first payment of CNY450 million to the seller’s designated account. Under the terms of supplementary agreement, the transferor has paid CNY 60 million. On June 17, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) has paid part of the price of the second phase of the share transfer to the designated bank account of the transferor for a total of CNY 606 million and the second phase of the transaction price is still missing CNY 200 million. As of June 22, 2020, Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) has paid the remaining amount of the transaction price of the second installment of this share transfer totaling CNY 200 million. Up to now, Zhongshu Weike has paid all the first two phases of the transaction price of CNY 1.256 billion. The transaction still needs to perform procedures. Upon completion of the transaction, ownership of Vtron Group Co.,Ltd. will change. This share transfer is subject to procedures such as confirmation of compliance with the Shenzhen Stock Exchange before it can go through the share transfer procedures at the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. As of February 16, 2020, the expected closing of transaction is changed from February 18, 2020 to March 18, 2020. Taizhou Zhongshu Weike Equity Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 24.2% stake in Vtron Group Co.,Ltd. (SZSE:002308) from Vtron Investment Limited, He Xiaoyuan and He Yongyu on July 31, 2020.