Jiang Qingping agreed to acquire 5% stake in Nanjing Zhiyou Shangyun Technology Co., Ltd. on August 25, 2022. As on June 30, 2022, Nanjing Zhiyou Shangyun Technology Co., Ltd. generated total assets of CNY 91.4 million and net assets of CNY 7.7 million. The transaction is approved by board of directors of Elefirst Science and Technology Co., Ltd.