Guangda Caifu (Beijing) Investment Fund Management Co., Ltd. signed a share transfer agreement to acquire additional 5% stake in Guangdong Bobaolon Co.,Ltd. (SZSE:002776) from Chen Nana and Chen Weixiong for approximately CNY 180 million on June 2, 2020. Under the terms, Guangda Caifu (Beijing) Investment Fund Management will acquire 26.9 million shares of Guangdong Bobaolon for CNY 6.705 per share and will pay 50% consideration in first installment within 10 working days after the agreement is signed and remaining 50% consideration in second installment within 10 working days from the date of completion. After the acquisition Guangda Caifu (Beijing) Investment Fund Management will hold 27.16 million shares. Guangda Caifu (Beijing) Investment Fund Management Co., Ltd. completed the acquisition of an additional 5% stake in Guangdong Bobaolon Co.,Ltd. (SZSE:002776) from Chen Nana and Chen Weixiong on July 6, 2020.