Zhuhai Gree Financial Investment Management Co., Ltd. signed an agreement to acquire 5% stake in Zhuhai Enpower Electric Co.,Ltd. (SZSE:300681) from Jiang Guibin, Li Hongyu and Wei Biao for approximately CNY 140 million on December 6, 2020. Jiang Guibin, Li Hongyu and Wei Biao will transfer 2.646 million, 0.756 million and 0.378 million unrestricted shares of Zhuhai Enpower Electric held by them to Zhuhai Gree at a price of CNY 36.15 per share, in total CNY 136.6470 million. Under the terms of the transaction, 20% of the total price of the transferred shares shall be paid within five working days from the date of obtaining the Shenzhen Stock Exchange's compliance confirmation; the remaining transfer amount of the target shares shall be paid within five working days after all the target shares are transferred. In a separate transaction, Zhuhai Zhuoyue Zhitu Equity Investment Management Center (Limited Partnership) signed an agreement to acquire 5% stake in Zhuhai Enpower Electric Co.,Ltd. (SZSE:300681) from Jiang Guibin, Li Hongyu and Wei Biao for approximately CNY 140 million. Zhuhai Gree Financial Investment Management Co., Ltd. completed the acquisition of 5% stake in Zhuhai Enpower Electric Co.,Ltd. (SZSE:300681) from Jiang Guibin, Li Hongyu and Wei Biao on January 4, 2021.