Huang Shulong mad a tender offer to acquire 6% stake in Yihua Lifestyle Technology Co.,Ltd (SHSE:600978) for approximately CNY 100 million on December 23, 2020. Under the offer, Huang Shulong will acquire 88.97 million shares in Yihua Lifestyle Technology Co.,Ltd at CNY 1.15 per share in cash. The offer commences on January 19, 2021 to March 5, 2021. As of January 28, 2021, 24.23 million shares have been tendered. As of March 4, 2021, a total of 453 million shares were tendered. The tender offer period has expired, and the results will be announced no later than March 9, 2021. Guoyuan Securities Company Limited (SZSE:000728) and BEIJING BESTAR CONSULTANT CO., LTD acted as financial advisor to Yihua Lifestyle Technology.