On April 3, Gelonghui Co., Ltd. (688190.SH) announced that the initial transfer price was 70.58 yuan/share, which is 89.3% of the closing price of Yunlu Shares stock at 79.00 yuan/share on the current inquiry and transfer pricing date (that is, April 3, 2024). The number of institutional investors participating in this inquiry and transfer quotation was 22, covering professional institutional investors such as fund management companies, qualified overseas institutional investors, securities companies, and private equity fund managers. The total number of valid shares subscribed by institutional investors participating in this inquiry and transfer quotation was 5.45 million shares, and the corresponding valid subscription ratio was about 1.5 times. The shares to be transferred in this inquiry have been fully subscribed. It has been initially determined that the transferees are 21 institutional investors, and the total number of shares to be transferred is 3,636,000 shares.