Jiuzhou Guotai Holdings Co., Ltd. signed a Share Transfer Agreement to acquire 5% stake in Meisheng Cultural & Creative Corp., Ltd. (SZSE:002699) from Meisheng Holding Group Co., Ltd. for approximately CNY 340 million on December 9, 2020. As per the terms will acquire 45.5 million shares for CNY 7.4 per share. Meisheng Holding Group Co., Ltd. agrees to complete the release of the pledge of the underlying shares within 2 months from the date of signing of this agreement, and Jiuzhou Guotai Holdings Co., Ltd agrees that within 7 working days from the date when the pledge of the underlying shares of Meisheng Holding Group Co., Ltd. is released, Jiuzhou Guotai Holdings Co., Ltd shall designate an account to Meisheng Holding Group Co., Ltd. Pay the transfer price of CNY 266.1 million, within 7 working days after Jiuzhou Guotai Holdings Co., Ltd. has paid all the above transfer funds, both parties shall go to the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. to complete the transfer procedures for the target shares and within three months after China Securities Depository and Clearing Co., Ltd. completes the share transfer procedures agreed in this agreement, Jiuzhou Guotai Holdings Co., Ltd. shall pay Meisheng Holding Group Co., Ltd. the remaining equity transfer amount of CNY 70.5 million. Currently Jiuzhou Guotai Holdings Co., Ltd does not hold any stake in Meisheng Cultural & Creative Corp., Ltd. and post acquisition it will hold 45.5 million shares.