Jiangxi Hanyi Technology Co., Ltd. agreed to acquire 5% stake in Jiangsu Rutong Petro-Machinery Co., Ltd (SHSE:603036) from Bao Yinliang, Yao Zhong, Shi Xiufei, Shi Jianxin, Guan Xin, Yuan Xinkang, and Yang Zhengquan for CNY 140 million on October 12, 2023. In a related transaction Jiangxi Hanyi Technology Co., Ltd. agreed to acquire 6.52% stake in Jiangsu Rutong Petro-Machinery Co., Ltd (SHSE:603036) from Cao Caihong, Xu Bobing, Zhang Youfu, Zhu Jianhua, He Yunhua, Zhou Xiaofeng for CNY 185 million. Payment of 50% price to Seller no later than December 20, 2023, and pay second equity transfer payment no later than April 30, 2024. The transaction have been reviewed and approved by the internal review process of Hanyi Technology and requires compliance confirmation from the Shanghai Stock Exchange, due diligence review on Jiangsu Rutong Petro-Machinery Co., Ltd, and application to the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. As of October 18, 2023, It is expected that all share transfer registration procedures will be completed no later than December 31, 2023.

Jiangxi Hanyi Technology Co., Ltd. completed the acquisition of 5% stake in Jiangsu Rutong Petro-Machinery Co., Ltd (SHSE:603036) from Bao Yinliang, Yao Zhong, Shi Xiufei, Shi Jianxin, Guan Xin, Yuan Xinkang, and Yang Zhengquan on January 18, 2024.