Cai Zhengfeng and Zhou Renchao acquired 39.51% stake in KNK Holdings Limited (SEHK:8039) from Energetic Way Limited from HKD 38.96 million on June 2, 2022. As per the transaction, Energetic Way Limited sold 194.8 million shares at HKD 0.2 per share. As of August 4, 2022 the company announced that Takeovers Code to extend the deadline for the dispatch of the Composite Document to a date falling on or before August 25, 2022.

Cai Zhengfeng and Zhou Renchao completed the acquisition of 39.51% stake in KNK Holdings Limited (SEHK:8039) from Energetic Way Limited on June 2, 2022.