Hainan Juxing Technology Co., Ltd. won the auction to acquire a 8.30% stake in Xiamen 35.Com Technology Co., Ltd. (SZSE:300051) from Gong Shaohui for approximately CNY 190 million on November 29, 2022. Under the terms, 30.35 million shares will be auctioned. Auction has been conducted on Jingdong Internet Judicial Auction Platform. Recently, Hainan Juxing Technology Co., Ltd.has received (2022) No. 161-2 “Enforcement Ruling” issued by the Intermediate People's Court of Shijiazhuang City, Hebei Province, wherien Hainan Juxing Technology Co., Ltd. has confirmed its ownership of the shares in this auction. Post acquisition, Hainan Juxing will hold 19.31% stake and Gong Shaohui will hold 0.66% stake in Xiamen 35.Com. The completion of this change requires the compliance confirmation of the Shenzhen Stock Exchange and the completion of the share transfer registration and other procedures by the China Securities Depository and Clearing Corporation Shenzhen Branch.

Hainan Juxing Technology Co., Ltd. completed the acquisition of a 8.3% stake in Xiamen 35.Com Technology Co., Ltd. (SZSE:300051) from Gong Shaohui on January 12, 2023.