Shangrao Economic and Technological Development Zone Industrial Development Co., Ltd. signed a share transfer agreement to acquire 14.14% stake in Hainan Drinda Automotive Trim Co.,Ltd. (SZSE:002865) from Hainan Yang Family Investment Co., Ltd. and Hainan Jindi Technology Investment Co., Ltd for approximately CNY 480 million on July 16, 2021. As per terms, Shangrao Economic and Technological Development Zone Industrial Development Co., Ltd. shall acquire 14.8 million shares equivalent to 11.14% stake of Hainan Drinda Automotive Trim Co.,Ltd. from Hainan Jindi Technology Investment Co., Ltd and 3.97 million shares equivalent to 3% stake from Hainan Yang Family Investment Co., Ltd, at a per share transfer price of CNY 25.73. The transaction is subjected to the approval of shareholders of Hainan Drinda Automotive Trim Co.,Ltd. Luan Hongfei, Gao Zhenyu, Feng Zhexiao and Zhang Quansheng of Huatai United Securities Co., Ltd. acting as a independent financial advisor, Long Haitao, Dai Linxuan and Hou Yusang of Beijing Zhide Law Firm acting as a legal advisor and Yu Qiang, Shi Weicen and Sun Jianwei of Zhonghui Certified Public Accountants (Special General Partnership) as an accountant to Hainan Drinda Automotive Trim Co.,Ltd. for the transaction.

Shangrao Economic and Technological Development Zone Industrial Development Co., Ltd. completed the acquisition of 14.14% stake in Hainan Drinda Automotive Trim Co.,Ltd. (SZSE:002865) from Hainan Yang Family Investment Co., Ltd. and Hainan Jindi Technology Investment Co., Ltd. on December 15, 2021.