Shanghai Hongchao Enterprise Management Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire 6.4% stake in Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) from Shenzhen Cuiyi Investment Co., Ltd. for approximately CNY 110 million on November 5, 2021. Shanghai Hongchao Enterprise Management Partnership Enterprise (Limited Partnership) will acquire 16.3 million shares at CNY 6.44 per share. Shanghai Hongchao Enterprise already paid deposit of CNY 18 million. Within 60 days after the signing of the agreement (not later than December 31, 2021), the buyer must pay the price to the Shenzhen Cuiyi Investment's designated account.

Shanghai Hongchao Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 6.4% stake in Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) from Shenzhen Cuiyi Investment Co., Ltd. on December 29, 2021.