Qianying Value Growth No. 1 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd. signed an equity transfer agreement to acquire a 5.03% stake in Nanjing Yueboo Power System Co., Ltd. (SZSE:300742) from Li Zhanjiang, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) for approximately CNY 100 million on November 10, 2021. Under the transaction, Li Zhanjiang to transfer the 1.06 million shares accounting for approximately 1.35% stake for CNY 28.2 million, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) to transfer the 2 million shares accounting for approximately 2.55% stake for CNY 53.1 million and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) to transfer the 890,000 shares accounting for approximately 1.13% stake for CNY 23.6 million.