Yang Chaowei agreed to acquire 2.01% stake in Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) from Zou Chunyuan for CNY 65.780 million on August 3, 2022. Under the terms, Yang Chaowei will acquire 23 million shares at a price of CNY 2.86 per share. In a related party transaction, Tianjin Tongwei Investment Partnership Enterprise and Liao Xinhui will acquire iwu Huading Nylon Co.,Ltd. from Ma Xuan and Yang Chaowei in separate transactions.

Yang Chaowei completed the acquisition of 2.01% stake in Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) from Zou Chunyuan on October 24, 2022.