Leitu Kongtong Phase 6 Private Securities Investment Fund, managed by Shanghai Leitu Asset Management Co., Ltd. signed share transfer agreement to acquire a 5% stake in Jiangsu Jingxue Insulation Technology Co.,Ltd. (SZSE : 301010) from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (SZSE:200530) for CNY 86.9 million on November 17, 2022. The consideration comprises of CNY 20 million to be paid within 3 working days from the agreement effective date and remaining CNY 66.94 million within 3 working days from the transfer completion date. Leitu Kongtong will pay CNY 16.10 per share for 5,400,000 Jiangsu Jingxue Insulation Technology' shares.

Leitu Kongtong Phase 6 Private Securities Investment Fund, managed by Shanghai Leitu Asset Management Co., Ltd. completed the acquisition of a 5% stake in Jiangsu Jingxue Insulation Technology Co.,Ltd. (SZSE:301010) from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (SZSE:200530) on December 9, 2022. Post acquisition, Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. holds 13.91% stake and Shanghai Leitu Asset Management Co., Ltd. holds 5% stake in Jiangsu Jingxue Insulation