Wang Jimin agreed to acquire 9.35% stake in Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) from Dongzheng Rongtong Investment Management Co., Ltd. and Ningbo Dongzheng Jihan Investment Partnership (Limited Partnership) for CNY1.1 billion on June 25, 2024. A cash consideration valued at CNY 9.35 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Ningbo Jifeng Auto Parts Co., Ltd.