Zhonghu-Gaoya Private Equity Fund managed by Hangzhou Chonghu Private Fund Management Co.,Ltd agreed to acquire a 6.74% stake in Zhejiang Chenfeng Technology Co., Ltd. from Haining Qiujing Investment Co., Ltd. for approximately CNY 110 million.

Zhejiang Chenfeng Technology Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of lighting structural components. The Company mainly provides lamp holders, light emitting diode (LED) bulb radiators, lamp fittings and other products. Its lamp holders include aluminum lamp holders and copper lamp holders, among others. The Company's products are mainly applied in the lighting industry. The Company distributes its products within domestic market and to overseas markets.