Zhongbing Investment Management Co., Ltd. agreed to acquire 8.1% stake in Changchun Yidong Clutch CO.,LTD (SHSE:600148) from CNGC Jilin Dongguang Group Corporation on May 7, 2020. Zhongbing Investment Management Co., Ltd. will acquire 11.41 million shares. Zhongbing Investment Management Co., Ltd. completed the acquisition of 8.1% stake in Changchun Yidong Clutch CO.,LTD (SHSE:600148) from CNGC Jilin Dongguang Group Corporation on October 30, 2020. After the transaction, CNGC Jilin Dongguang Group Corporation holds 24% stake with 33.96 million shares and Zhongbing Investment Management Co., Ltd. holds 8.1% stake with 11.41 million shares.