Shanghai Qiaoying Enterprise Management Center (Limited Partnership) signed a share transfer agreement to acquire 5% stake in Zhejiang Zhongjian Technology Co.,Ltd (SZSE:002779) from Zhongjian Electromechanical Group Co., Ltd for approximately CNY 140 million on February 28, 2022. Shanghai Qiaoying Enterprise Management Center (Limited Partnership) agree to acquire 6.6 million shares at CNY 21.67 per share.

Shanghai Qiaoying Enterprise Management Center (Limited Partnership) cancelled the acquisition of 5% stake in Zhejiang Zhongjian Technology Co.,Ltd (SZSE:002779) from Zhongjian Electromechanical Group Co., Ltd. on November 8, 2022. Shanghai Qiaoying Enterprise Management Center (Limited Partnership) has not paid Zhongjian Electromechanical the share transfer price, and both parties have not completed the relevant share transfer procedures. After friendly negotiation, both parties agreed to rescind the "Share Transfer Agreement", and both parties will not be liable for breach of contract.