AnHui Wanyi Science and Technology Co., Ltd. announced a private placement of not more than 40,002,000 A shares for gross proceeds of not more than CNY 200,000,000 on March 18, 2022. The transaction will include participation from Zang Mu and other investors. The transaction has been approved at the 22nd meeting of the 4th board of directors and the 19th meeting of the 4th board of supervisors and is subject to approvals from shareholders of the company, Shanghai Stock Exchange and the China Securities Regulatory Commission.

The shares subscribed by Mr. Zang Mu in this issuance shall not be transferred within 36 months from the date of the end of this issuance, and the shares subscribed by other issuers shall not be transferred within 6 months after the end of this issuance.