Guangdong Guangxin Holdings Group Ltd. agreed to acquire 9.24% stake in Shenzhen Qingyi Photomask Limited (SHSE:688138) from Photomask (HK) Limited for CNY 485 million on December 21, 2023. The transfer price is CNY 19.70 per share, for a total of CNY 485.78 million. GGHG shall pay 30% of total transfer price (or CNY 145.73 million) to the joint account within 10 working days after signing of this agreement and opening of joint account. GGHG shall pay 70% of the total transfer price (or CNY 340.04 million) to the joint account within 10 working days after fulfillment. PMHK has obtained the necessary approvals to sign on this equity change report. The transaction is subject to compliance from the Shanghai Stock Exchange. Completion of tax filings and foreign exchange processing for the cross-border payment of equity transfer fee.

Guangdong Guangxin Holdings Group Ltd. completed the acquisition of 9.24% stake in Shenzhen Qingyi Photomask Limited (SHSE:688138) from Photomask (HK) Limited on January 23, 2024.