Foshan Yuebang Investment Management Co., Ltd. entered into an agreement to acquire additional 15.37% stake in Harbin ZhongFei New Technology CO.,LTD from Yang Zhifeng for approximately CNY 620 million on July 6, 2020. Foshan Yuebang Investment Management Co., Ltd. acquired 20.9 million shares for CNY 29.55 per share. The share transfer payment shall be paid as follows: (1) Within 3 working days from the date when both parties obtain the confirmation letter of compliance issued by Shenzhen Stock Exchange for the transfer of the agreement, Party B shall designate Party A or an account designated by Party A and pay CNY 447.3 million (2) The deposit will be automatically converted to the payment that Party B should pay to Party A from the day when both parties complete the procedures for transferring the target shares to the name of Party B in Shenzhen Branch of China Securities Depository and Clearing Corporation. Post completion, unknown buyer will increase its stake from 11.96% to 27.33% in Harbin ZhongFei New Technology. After this equity change, Yang Zhifeng held 0 shares of the company's shares, accounting for 0% of the company's total share capital, of which 0 shares had voting rights, accounting for 0% of the company's total share capital and Foshan Yuebang Investment Management Co., Ltd. will directly hold 37.2 million shares of the company, accounting for 27.33% of the company's total share capital. Foshan Yuebang Investment Management Co., Ltd. completed the acquisition of additional 15.37% stake in Harbin ZhongFei New Technology CO.,LTD from Yang Zhifeng on July 24, 2020.