Wuxi Wenzhi Investment Partnership (Limited Partnership) agreed to acquire 5.9921% stake in Jiangsu Hongdou Industrial Co., Ltd (SHSE:600400) from Hongdou Group Co. Ltd for approximately CNY 640 million on September 16, 2022. The transfer price of such shares shall be paid by the Wuxi Wenzhi Investment Partnership to the Hongdou Group Co. Ltd. within 2 days after the effective date of this agreement; 70% of the share transfer price shall be Party A and Party B shall submit relevant materials for the agreement transfer to the Shanghai Stock Exchange, submit the "Confirmation Form for the Agreement Transfer of Listed Company Shares" and other relevant materials to the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., and handle all share transfer registration, etc.), the underlying shares are in China Settlement Shanghai Branch shall pay the remaining 30% of the share transfer payment to the transferor within 2 working days after the completion of the share transfer registration of the Shanghai Branch. the shares to be transferred is 138 million shares. The offer per share is CNY 4.662. The transfer of this agreement still needs to pass the compliance review and confirmation of the Shanghai Stock Exchange before it can go through the registration procedures for the transfer of shares in the Shanghai Branch of China Securities Depository and Clearing Corporation Limited. As on October 12, 2022, Wuxi Wenzhi Investment Partnership has paid CNY 450.3492 million to the Hongdou Group Co. Ltd in form of consideration.

Wuxi Wenzhi Investment Partnership (Limited Partnership) completed the acquisition of 5.9921% stake in Jiangsu Hongdou Industrial Co., Ltd (SHSE:600400) from Hongdou Group Co. Ltd on October 31, 2022.