Huang Junwen and Zhang Huan entered into an agreement to acquire 8.8% stake in Zhejiang Bangjie Holding Group Co., Ltd. (SZSE:002634) from Tao Jianwei and Jin Yunzhi for approximately CNY 470 million on September 1, 2020. Huang Junwen will acquire 22.9 million shares from Tao Jianwei and Zhang Huan will acquire 28 million shares from Jin Yunzhi, both at a price of CNY 9.18 per share. The transaction is subject to approval from shareholders and second approval from Board of Directors of Zhejiang Bangjie Holding Group Co., Ltd. The transaction is approved by Board of Directors of Zhejiang Bangjie Holding Group Co., Ltd. Huang Junwen and Zhang Huan cancelled the acquisition of 8.8% stake in Zhejiang Bangjie Holding Group Co., Ltd. (SZSE:002634) from Tao Jianwei and Jin Yunzhi on December 15, 2021.