Minghai Event Driven No. 3 Private Securities Investment Fund agreed to acquire a 5% stake in Jiangxi Guotai Group Co.,Ltd. (SHSE:603977) for approximately CNY 240 million on September 1, 2022. Under the terms, Minghai will acquire 31,041,100 shares at a price of CNY 7.80 per share.

On September 19, 2022, Deal terms have been changed and the offer price has been changed from CNY 7.80 to CNY 7.85 per share and the new shares will be acquired as 31,062,100.