Ningbo Yuren Investment Co., Ltd. signed Equity Transfer Agreement to acquire 35% stake in North GuangWei Technology INC. from Ningbo Cixing Co.,Ltd. (SZSE:300307) for CNY 132.13 million on April 19, 2022. As of the signing date of this supplementary agreement, buyer has paid 25 million yuan, and the payment arrangement for the remaining payment is as follows: CNY 45 million paid by December 31, 2023. The remaining amount shall be paid within twelve months after the industrial and commercial change of this equity transfer is completed.

As of December 31, 2022, North GuangWei Technology INC reported total assets CNY 248.2272 million, Revenue CNY 38.6516 million, net income -17.52 million and net assets of CNY 134.04 million.