Gongqingcheng Shahe Tonglu Investment Partnership (Limited Partnership) entered into an equity transfer agreement to acquire 6% stake in Shenzhen No. 1 Machine Technology Co., Ltd., from Shenzhen Aisidi Co., Ltd. (SZSE:002416) for CNY 34.3 million on August 23, 2021. Gongqingcheng Shahe Tonglu Investment Partnership (Limited Partnership) shall pay the transfer price to Shenzhen Aisidi Co., Ltd., in one lump sum within 10 days from the effective date of the equity transfer agreement. The source of funds for the transferred equity is the own funds invested by the partners of Gongqingcheng Shahe Tonglu Investment Partnership (Limited Partnership) and legal self-raised funds. As a result of the transaction, stake of Shenzhen Aisidi Co., Ltd., in No Shenzhen No. 1 Machine Technology Co., Ltd., will decrease from 55% to 49%. For the period ended June 30, 2021, Shenzhen No. 1 Machine Technology Co., Ltd., had total assets of CNY 395.2 million, net assets of CNY 75.63 million, operating income of CNY 1.4 billion, operating profit of CNY 82.9 million and net profit attributable to parent of CNY 59.43 million. The transaction needs to be submitted to the shareholders’ meeting of Shenzhen Aisidi Co., Ltd., for approval. The transaction has been approved in the 18th (regular) meeting of the 5th Board of Directors and the 19th (regular) meeting of the 5th Board of Supervisors, held on August 23, 2021. As of September 9, 2021, shareholders of Shenzhen Aisidi CO.,LTD. approved the deal. Within 10 days after the equity transfer agreement becomes effective, No Shenzhen No. 1 Machine Technology Co., Ltd., applies to the industrial and commercial registration authority for the equity transfer.