Jingyu Tengsheng Private Securities Investment Fund managed by Jingyu Asset Management (Shanghai) Co., Ltd. agreed to acquire a 5.01% stake in GuoCheng Mining CO.,LTD (SZSE:000688) from Guocheng Holding Group Co., Ltd. for CNY 980 million on August 21, 2022. Within 45 days after the signing of this agreement, Jingyu Tengsheng Private Securities Investment Fund shall remit the first share transfer price of CNY 455 million to the bank account, and the remaining share transfer amount totals CNY 519 shall be paid within 24 months after the transfer of the underlying shares. The transaction is subject tp approval by regulatory board/committee.