Zhang Yiyu signed share transfer agreement to acquire 2.068% stake in Liaoning Kelong Fine Chemical,Inc. (SZSE:300405) from Jiang Yan for CNY 38.3 million on August 27, 2021. Under the terms of the agreement, 4.6 million shares will be acquired for CNY 8.33 per share. In a related transaction, Zhong Xuezhi signed share transfer agreement to acquire 3.776% stake in Liaoning Kelong Fine Chemical,Inc. (SZSE:300405) from Jiang Yan for CNY 69.9 million on August 27, 2021. Zhang Yiyu will pay the price in lumpsum.