Shenzhen Zhongjing Dayou Private Equity Investment Fund Management and Derun Shijia (Shenzhen) Investment Partnership signed a share transfer intention agreement to acquire 29.9% stake in Dongguan Chitwing Technology Co., Ltd. (SZSE:002855) from Chit Wing Technology Group Company Limited on April 9, 2023. The final price of the transfer is being negotiated and will be determined after the transfer is completed. The Supplementary Agreement was signed on June 8, 2023 as per which the parties should reach an agreement on the specific plan of this transaction and sign a formal agreement within 120 days after the signing of this agreement.

As of June 9, 2023, the parties to the transaction are actively and effectively advancing the agreement on the terms of the formal agreement and the relevant review and approval process.