Jinan Tiefu Investment Partnership Enterprise (Limited Partnership) signed a Share Transfer Agreement to acquire 7% stake in Zhong Fu Tong Group Co., Ltd. (SZSE:300560) from Chen Rongjie for CNY 200 million on January 11, 2022. Under terms of transaction, Jinan Tiefu Investment Partnership Enterprise will acquire 15,936,255 shares CNY 12.55 per share. Chen Rongjie currently hold 33.6% stake and post completion it will hold 26.55% stake in Zhong Fu Tong Group whereas Jinan Tiefu Investment Partnership will hold 7.04% stake.