Jingyu Asset Management (Shanghai) Co., Ltd. agreed to acquire a 8.26% stake in Ribo Fashion Group Co., Ltd. (SHSE:603196) from Shanghai Ribo Investment Holdings Co., Ltd. for approximately CNY 220 million on May 15, 2023.

Jingyu Asset Management (Shanghai) Co., Ltd. completed the acquisition of 8.26% stake in Ribo Fashion Group Co., Ltd. (SHSE:603196) from Shanghai Ribo Investment Holdings Co., Ltd. on July 4, 2023.