Huatai Asset Management Co., Ltd. signed the share transfer agreement to acquire 8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Guo Chuang Hi-Tech Co., Ltd for approximately CNY 280 million on January 10, 2020. After transaction Guo Chuang Hi-Tech will hold 28.9% stake in Hubei Guochuang. Huatai Asset Management Co., Ltd. cancelled the acquisition of 8% stake in Hubei Guochuang Hi-tech Material Co.,Ltd (SZSE:002377) from Guo Chuang Hi-Tech Co., Ltd on January 10, 2021.