On 31 March 2022, Zhejiang Yongan Rongtong Holdings Co., Ltd. (the Company) entered into the Revolving Loan Agreement with Zhejiang Yongli Industry Group Co., Ltd. (Zhejiang Yongli) pursuant to which the parties confirmed that (i) the Company or its subsidiary agreed to grant the Revolving Loan to Zhejiang Yongli or its designated parties during the Availability Period in the principal amount of up to RMB 35,000,000; (ii) the Company is entitled to Loan Interest at the relevant loan prime rate issued by the National Interbank Funding Centre accruing from the date of grant of the relevant Revolving Loan up to the repayment date; (iii) the maximum outstanding principal amount of the Revolving Loan advanced by the Company or its subsidiary to Zhejiang Yongli or its designated parties during the Availability Period was in the amount of RMB 34,900,000; (iv) as at the date of the Revolving Loan Agreement, Zhejiang Yongli has repaid the Company all outstanding principal amount of the Revolving Loan; and (v) as at the date of the Revolving Loan Agreement, Zhejiang Yongli is indebted to the Company Loan Interest in the total amount of RMB 1,144,756. On 31 March 2022, the Company, Guizhou Yongli and Zhejiang Yongli entered into the Second Supplemental Debt Repayment Agreement pursuant to which (i) as at the date of the Second Supplemental Debt Repayment Agreement, the Company is indebted to Guizhou Yongli the Shareholder's Loan in the total outstanding amount of RMB 218,474,890.06 and the Company agreed to repay in advance part of the Shareholder's Loan in the amount of RMB 30,000,000 to Guizhou Yongli; (ii) upon receipt of the payment of RMB 30,000,000 from the Company, Guizhou Yongli agreed (a) to waive part of the Shareholder's Loan in the amount of RMB 30,000,000; (b) the Shareholder's Loan be set off against the equivalent amount of the Loan Interest on dollar-for-dollar basis and upon which the Loan Interest would be repaid in full; (iii) upon completion of the above repayment in advance, waiver of part of the Shareholder's Loan and the set off of Shareholder's Loan against the Loan Interest, the Company will be indebted to Guizhou Yongli the Shareholder's Loan in the total outstanding amount of RMB 157,330,134.06, which will be settled by the Company in accordance with the Settlement Arrangement agreed by the parties under the Supplemental Debt Repayment Agreement.