Railway Investment (Jinan) Equity Investment Fund Partnership (Limited Partnership) entered into a Share Transfer Agreement to acquire 20.6% stake in Bosun Co., Ltd. from group of sellers for CNY 1.1 billion on May 12, 2022. On May 23, 2022, Railway Investment (Jinan) Equity Investment Fund Partnership (Limited Partnership) and Bosun Co., Ltd signed the "Supplementary Agreement II to the Share Transfer Agreement", which supplemented some of the contents of the original "Share Transfer Agreement". As part of the transaction, Railway Investment (Jinan) Equity Investment Fund Partnership will acquire 111,813,195 shares at CNY 9.76 per shares from Chen Huairong, Lü Guiqin, Cheng Hui, Ren Jingjian, Zhang Shuyu, Chao Qinxian and WENSHANG HAIWEI IMPORT & EXPORT CO., LTD. for CNY 1.09 billion, to be paid in three installments of CNY 545.6 million, CNY 327.4 million and CNY 218.3 million, respectively.

Post completion, Railway Investment (Jinan) Equity Investment Fund Partnership will directly hold 161,986,091 shares, representing 29.7799% of Bosun. If Bosun's 2021 profit distribution plan is completed before the transfer of the underlying shares in this transaction, the transfer price of the underlying shares will be adjusted from CNY 9.76 per share to CNY 9.61 per share.