Yang Enguang signed Share Transfer Agreement to acquire 6% stake in Qingdao Greensum Ecology Co., Ltd. (SZSE:300948) from Qingdao Greensum Investment Group Co., Ltd. for CNY 71.4 million on June 3, 2024. A cash consideration of CNY 46.47 million will be paid by the buyer. The buyer will pay an earnout/contingent payment of CNY 24.93 million cash. As part of consideration, CNY 71.41 million is paid towards common equity of Qingdao Greensum Ecology Co., Ltd. The consideration will be paid at a per share price of CNY 8.5.

The transaction is subject to approval by regulatory board / committee.