Jingzhou Huihe Equity Investment Partnership Enterprise (Limited Partnership) signed a memorandum of agreement to acquire WUXI HODGEN TECHNOLOGY CO., LTD. (SZSE:300279) from Chen Bailin on December 29, 2019. Jingzhou Huihe Equity Investment Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire additional 6.72% stake in WUXI HODGEN TECHNOLOGY CO., LTD. (SZSE:300279) from Chen Bailin for approximately CNY 240 million on January 13, 2020. Jingzhou Huihe will purchase 29.5 million shares at a price of CNY 8.10 per share. Chen Bailin holds 74.26 million shares, representing 16.95% stake of issues share capital of WUXI HODGEN and Jingzhou Huihe holds 53.87 million shares, representing 12.28% stake of WUXI HODGEN. On completion of the transaction, Chen Bailin will hold 44.86 million shares of the WUXI HODGEN representing 10.22% stake and Jingzhou Huihe Equity Investment Partnership Enterprise (Limited Partnership) will hold 83.37 million shares of the WUXI HODGEN, representing 19% of issued share capital. The share delivery period stipulated in the agreement will expire on April 13, 2020. As on April 8, 2020, the transfer registration procedures for the relevant transfer of shares cannot be successfully completed within the delivery period stipulated in the agreement.