Tuopai Xingfeng No. 6 Private Securities Investment Fund managed by Shanghai Tuopai Asset Management Co., Ltd. agreed to acquire 5.1% in Wankai New Materials Co., Ltd. from Redview Capital II L.P. managed by Redview Capital for approximately CNY260 million.

Tuopai Xingfeng No. 6 Private Securities Investment Fund managed by Shanghai Tuopai Asset Management Co., Ltd. agreed to acquire 5.1% in Wankai New Materials Co., Ltd. (SZSE:301216) from Redview Capital II L.P. managed by Redview Capital for approximately CNY260 million on March 30, 2024. After the transaction, Royal Heart Investment Limited shall have no shares in the Wankai New Materials Co., Ltd. anymore while Tuopai Xingfeng No.

6 Private Securities Investment Fund shall have 26.3 million shares or 5.1% stake in Wankai New Materials Co., Ltd. Transfer per price per share is CNY9.79. Tuopai Xingfeng No. 6 Private Securities Investment Fund will use its own funds or self-raised funds to acquire the Wankai New Materials Co., Ltd. shares.