Tongyi Furong No. 15 Private Securities Investment Fund and Tongyi Furong No. 16 Private Securities Investment Fund managed by an unknown manager agreed to acquire 5.9% stake in SILVERY DRAGON PRESTRESSED MATERIALS CO., LTD. TIANJIN (SHSE:603969) from Xie Zhifeng for approximately CNY 180 million on November 25, 2020. The price per share paid is CNY 3.71. In the acquisition, Tongyi Furong No. 15 Private Securities Investment Fund will acquire 25.23 million shares at a stake of 3% and Tongyi Furong No. 16 Private Securities Investment Fund will acquire 24 million shares at a stake of 2.85%.