Wu Yuhua signed a equity transfer agreement to acquire a 5.78% stake in Jinlongyu Group Co., Ltd. (SZSE:002882) from Zheng Meiyin for approximately CNY 280 million on November 24, 2021. Wu Yuhua will acquire 25 million shares at a price of CNY 11.21 per share. Post transaction, Zheng Meiyin will retain 1.16% stake in Jinlongyu Group Co., Ltd. This share transfer must be confirmed by the Shenzhen Stock Exchange for compliance confirmation before the transfer procedures of the share agreement transfer can be handled at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.