Nanjing Runyi Enterprise Management Partnership signed a share transfer agreement to acquire 5.64% stake in EleFirst Science & Technology Co., Ltd. (SZSE:300356) from Jiangsu Guangyi Investment Management Co., Ltd. for approximately CNY 130 million on August 7, 2020. As per terms, Nanjing Runyi Enterprise Management Partnership will acquire 23 million shares at CNY 5.45 per share. The consideration will be paid in two installments. Post-completion, Jiangsu Guangyi Investment Management Co., Ltd. will reduce its stake in EleFirst Science & Technology Co., Ltd. from 16.54% to 10.9%