Lai Xingyu signed a share transfer agreement to acquire 2% stake in Shanghai Metersbonwe Fashion and Accessories Co., Ltd. (SZSE:002269) from Shanghai Huafu Investment Ltd. for approximately CNY 190 million on June 10, 2021. As reported, Lai Xingyu agreed to acquire 50.3 million shares in Shanghai Metersbonwe Fashion and Accessories Co., Ltd. at CNY 3.69905 per share. Following the sale, Shanghai Huafu Investment Ltd. will hold 1.1 billion shares, representing 44.49% stake in Shanghai Metersbonwe Fashion and Accessories Co., Ltd.