Xuanwu Cohesion No. 3 Private Securities Investment Fund, managed by Hangzhou Xuanwu Investment Management Co., Ltd agreed to acquire a 5.1% stake in Hubei Century Network Technology Inc. (SZSE:300494) from Lai Chunlin for approximately CNY 140 million on May 9, 2022. The consideration will be paid in cash. Lai Chunlin will transfer 13,600,000 shares at CNY 10.65 per share.

Xuanwu Cohesion No. 3 Private Securities Investment Fund, managed by Hangzhou Xuanwu Investment Management Co., Ltd completed the acquisition of 5.1% stake in Hubei Century Network Technology Inc. (SZSE:300494) from Lai Chunlin on June 1, 2022.