Zaozhuang Xi'en Investment Partnership signed a share transfer agreement to acquire 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd (SZSE:002322) from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui for approximately CNY 230 million on July 3, 2020. Under the terms of the transaction, Zaozhuang Xi'en will acquire 20 million shares in total for CNY 11.35 per share. Zaozhuang Xi'en will pay approximately CNY 200 million to Tianyi Century and CNY 26.1 million to Lu Xuehui. Prior to the acquisition, Tianyi Century holds 31.93% stake in Ningbi Liging while Li Xuehui holds 2.75% stake. Upon completion, Zaozhuang will hold 5.04% stake while Tianyi Century will hold 27.47% stake and Lu Xuehui will hold 2.17% stake in Ningbi Ligong. Zaozhuang Xi'en Investment Partnership completed the acquisition of 5.04% stake in Ningbo Ligong Environment And Energy Technology Co.,Ltd (SZSE:002322) from Ningbo Tianyi Century Investment Co., Ltd. and Li Xuehui on July 29, 2020.