Zhang Jun'e signed the agreement to acquire 5.56% stake in Guangdong PAK Corporation Co., Ltd. (SZSE:300625) from Zhang Yutao for approximately CNY 140 million on April 30, 2022. Within 2 months after the agreement is officially effective, Zhang Jun'e will make a one-time payment. As per the transaction, Zhang Jun'e will acquire 15.56 million shares at CNY 9.02 per share. Post completion, Zhang Yutao will hold 46.7 million shares representing 16.68% stake of Guangdong PAK Corporation Co., Ltd.

Zhang Jun'e completed the acquisition of 5.56% stake in Guangdong PAK Corporation Co., Ltd. (SZSE:300625) from Zhang Yutao on May 27, 2022.