Zhang Yu signed an agreement to acquire a 2% stake in Shanghai Metersbonwe Fashion and Accessories Co., Ltd. (SZSE:002269) from Shanghai Huafu Investment Ltd. for CNY 67.8 million on January 4, 2021. Under the term, Shanghai Huafu Investment will transfer 50.25 million shares of Shanghai Metersbonwe Fashion and Accessories Co., Ltd. to Zhang Yu, in order to repay part of its pledged debts in Zhongtai Securities Co., Ltd.