Long Feng signed the share transfer agreement to acquire Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) from Guo Yingjie, Guo Qiongyan, Guo Yuchun and Shenzhen Cuiyi Investment Co., Ltd. for CNY on November 5, 2021. Under the terms of transaction, Long Feng will acquire 15.8 million shares at price of CNY 6.44 per share. Within 60 days after the signing of the agreement not later than December 31, 2021, Long Fen must pay the price to the seller's designated account.

Long Feng completed the acquisition of Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) from Guo Yingjie, Guo Qiongyan, Guo Yuchun and Shenzhen Cuiyi Investment Co., Ltd. on November 2, 2022.