Nanning Industrial Investment Emerging No. 1 Investment Fund Partnership Enterprise signed an agreement to acquire 5% stake in Zhejiang Jingu Company Limited (SZSE:002488) from Sun Fengfeng and Sun Shuhong for CNY 350 million on November 12, 2021. As per terms, 50.095 million shares will be acquired by Nanning of which Sun Fengfeng will transfer 13,339,142 shares equivalent to 1.33% and Sun Shuhong will transfer her 36,756,600 shares equivalent to 3.67% stake to Nanning No. 1. at CNY 6.99 per share for a total of CNY 350 million. The consideration shall be paid as to 50% equivalent to CNY 175 million within 10 working days of agreement and 50% when the shares are registered under Nanning's name.

Nanning Industrial Investment Emerging No. 1 Investment Fund Partnership Enterprise completed the acquisition of a 5% stake in Zhejiang Jingu Company Limited (SZSE : 002488) from Sun Fengfeng and Sun Shuhong on February 17, 2022.