Qiu Xiaohua signed a share transfer agreement acquire 2.37% stake in Beijing Shuzhi Technology Co., Ltd. (SZSE:300038) from Shanghai Nuomu Investment Center (Limited Partnership) managed by Duce Capital Investment Management Partnership Limited for approximately CNY 210 million on November 2, 2020. Under the terms, the transfer price was decided as CNY 7.50 per share and Qiu Xiaohua will acquire 27.8 million shares. Post completion, Shanghai Nuomu Investment Center (Limited Partnership) managed by Duce Capital Investment Management Partnership Limited will hold 13.38 % stake in Beijing Shuzhi Technology Co., Ltd.