Xu Jin agreed to acquire a 5% stake in TKD Science and Technology Co.,Ltd. (SHSE:603738) from Yu Xindong for approximately CNY 280 million on September 16, 2022. Under the terms, Xu Jin will acquire 13,906,695 shares of TKD Science and Technology at a price of CNY 20.30 per share.

Xu Jin completed the acquisition of 5% stake in TKD Science and Technology Co.,Ltd. (SHSE:603738) from Yu Xindong on October 10, 2022.