Ningbo Jialin Trading Co., Ltd. signed an agreement to acquire Fujian Senyuan Furniture Co., Ltd. from Fujian Yongan Forestry (Group) Joint-Stock Co., Ltd. (SZSE:000663) for approximately CNY 260 million on October 15, 2020. From the total consideration, CNY 30 million has been paid as deposit. The first installment price of CNY 133.89 million will be paid within 10 days after this contract takes effect and second installment to CNY 128.64 shall be paid to the aforementioned designated bank by the Fujian Property Rights Exchange Center before October 14, 2021. Ningbo Jialin Trading Co., Ltd. signed a supplement agreement to acquire Fujian Senyuan Furniture Co., Ltd. from Fujian Yongan Forestry(Group)Joint -Stock Co.,Ltd. (SZSE:000663) on November 12, 2021. As confirmed by both parties as of October 14, 2021, Ningbo Jialin Trading still owes Fujian Yongan Forestry the balance of the equity transfer of CNY 128,642,493, and interest of CNY 8,361,800; in addition, Fujian Senyuan Furniture Co., Ltd. owes Fujian Yongan Forestry of CNY 99,058,400 in exchange payments. The interest is CNY 6,484,700, and both parties agree that the transaction will also be paid by Ningbo Jialin Trading. The payment totals CNY 242,547,400, and Ningbo Jialin Trading shall settle it in installments before October 14, 2022. 1. Before December 31, 2021, pay CNY 59,846,500 (including the accrued interest of CNY 14,846,500 from October 15, 2020 to October 14, 2021); 2. CNY 45 million to be paid before March 31, 2022; 3. To pay CNY 45 million before June 30, 2022; 4. Before October 14, 2022, CNY 102,749,300 will be paid (including the accrued interest of CNY 10,048,400 from October 15, 2021 to October 14, 2022). The supplement agreement ahs been approved by the board of directors of Fujian Yongan Forestry on November 12, 2021.