Tian Ren Group (01429) acquired a total of 347 million shares of the company from the controlling shareholder for sale.

The Smart Financial News APP reports that Tianren Group (01429) has announced that the company has sold a total of 347 million shares, representing approximately 21.67% of the total issued share capital as of the date of this announcement. It was informed by Da Cheng International Holdings Limited (the controlling shareholder of the company) and a company wholly owned by the company's chairman and CEO, Mr. Zou Feng, that they have recently sold these shares. Specifically, 32 million shares and 75 million shares were sold to the company's executive director Mr. Guo Jiequn and non-executive director Mr. Yuan Bingbo respectively, while the remaining approximately 240 million shares were sold to a total of 9 buyers.