Shi Wanfu agreed to acquire 35% stake in Luoyang Wanfu Microfinance Co., Ltd. from Henan Tong-Da Cable Co., Ltd. (SZSE:002560) on December 8, 2023. This has been approved in the 20th Meeting of the Company?s 5th Directorate held on December 8, 2023, and is subject to the approvals of the Company?s shareholders and the competent government departments. As of January 8, 2024, Henan Tong-Da Cable received CNY 5 million.

On April 26, 2024, Henan Tong-Da Cable Co., Ltd. (SZSE:002560) received the second installment of equity transfer payment of CNY 13.2 million paid by Shi Wanfu.