On April 16, 2024, Guangxi LiuYao Group Co., Ltd closed the transaction. The company has now issued is 36,842,105 A shares at a price of CNY 19 per share for the gross proceeds of CNY 699,999,995. After deducting the issuance fees of CNY 11,362,619.48 (excluding taxes), the net proceeds raised are CNY 688,637,375.52.

The transaction will include participation from new investors Guangdong Hengjian International Investment Limited 10,526,315 shares for CNY 199,999,985, Shenzhen Niufusi Investment Management Co., Ltd. ? Foxon Xuebao Private Securities Investment Fund No. 16 for 1,052,631 shares for CNY 19,999,989, Guangdong Dehui Investment Management Co., Ltd. ?

Dehui Global Select Private Securities Investment Fund for 1,315,789 shares for CNY 24,999,991, Guangdong Dehui Investment Management Co., Ltd. ? Dehui Supreme Private Securities Investment Fund for 1,315,789 shares for CNY 24,999,991, Guangdong Dehui Investment Management Co., Ltd. ? Dehui Priority Select Private Securities Investment Fund for 1,052,631 shares for CNY 19,999,989, Nuode Fund Management Co., Ltd. for 1,894,736 shares for CNY 35,999,984, Guotai Junan Securities Co., Ltd. for 1,526,315 shares for CNY 28,999,985, Huaxia Fund Management Co., Ltd. for 1,052,631 shares for CNY 19,999,989, Tianhong Fund Management Co., Ltd. for 2,052,631 shares for CNY 38,999,989, Hunan Caixin Jingjin Phase 1 Equity Investment Partenrship Enterprise (Limited Partnership) for 1,578,947 shares for CNY 29,999,993, CITIC Securities Co., Ltd. for 1,052,631 shares for CNY 19,999,989, Caitong Fund Management Co., Ltd. for 7,157,894 shares for CNY 135,999,986, Hunan Bofu Culture Industry Investment Fund Enterprise (Limited Partnership) for 1,052,631 shares for CNY 19,999,989, Zhong Ou Fund Management Co., Ltd. for 3,052,631 shares for CNY 57,999,989, Anhui Zhongan High-Quality No.

1 Equity Investment Partnership (Limited Partnership) for 1,157,903 shares for CNY 22,000,157.