Shandong Jingda Technology Industry Development Co., Ltd signed a share transfer framework agreement to acquire 8.14% stake in Ronglian Group Ltd. (SZSE:002642) from Wang Donghui and Wu Min for approximately CNY 320 million on January 15, 2021. Under the terms of considerations, the transfer price of the first batch of shares under this agreement is CNY 5.903 per share and the total consideration for the transfer price is approximately CNY 160 million of which the transfer price of 20.1 million shares held by Wang Donghui is approximately CNY 120 million, and that of 6.6 million shares held by Wu Min the transfer price of the shares is CNY 39.2. million Shandong Jingda Technology Industry Development Co., Ltd will acquire 53.6 million share. These shares will be transferred in two batches. The first batch of 28.6 million, shares will be transferred after the share transfer framework agreement is signed. Among the shares, Wang Donghui transfer 20.2 million shares accounting for 3.01% of the total share capital of the listed company, and Wu Min transfer 6.6 million shares, accounting for 0.99% of the total share capital of the listed company. The second batch of 26.8 million shares transferred, accounting for 4% of the total share capital of the listed company. Shandong Jingda Technology Industry shall pay CNY 108.2 million on the day when parties go to China Securities Depository and Clearing Co., Ltd. Shenzhen Branch to complete the transfer of the target shares and before both parties pay the stamp duty and handling fees incurred by the transfer of the target shares. If the three parties fail to submit an application to the Shenzhen Stock Exchange within the specified time limit, or the Shenzhen Stock Exchange does not approve the transfer of this agreement, Huatai Securities Co., Ltd. (SHSE: 601688) shall return the transfer price paid by Shandong Jingda Technology to Shandong Jingda Technology without interest within 1 working day. Wang Donghui and Wu Min will transfer the transfer price to Huatai Securities Co., Ltd. (SHSE: 601688) to return its stock pledged loan. Shandong Jingda Technology Industry Development Co., Ltd signed a share transfer agreement to acquire 8.14% stake in Ronglian Group Ltd. (SZSE:002642) from Wang Donghui and Wu Min on February 19, 2021. On February 9, 2021, Ronglian Group received ?Decision on No Implementation of Further Review on Business Concentration Anti-monopoly? issued by the State Administration for Market Regulation, on Shandong Jingda Technology Industry Development Co., Ltd.?s acquisition of the shares of Ronglian Group Ltd. Recently, Ronglian Group received ?Approval of Jining Hi-tech Holding Group Co., Ltd.?s Acquisition of Ronglian Group Ltd.?s Shares? issued by the Jining High-tech Zone State-owned Capital Management Office, agreeing to Jining Hi-tech Holding Group Co., Ltd.?s subsidiary Shandong Jingda Technology Industry Development Co., Ltd.?s acquisition of the Ronglian Group shares. Shandong Jingda Technology Industry Development Co., Ltd completed the acquisition of 4% stake in Ronglian Group Ltd. (SZSE:002642) from Wang Donghui and Wu Min on March 25, 2021. The Securities Transfer Registration Confirmation was received on March 25, 2021.