Chonghu-Gaoya No. 2 Private Securities Investment Fund, managed by Hangzhou Chonghu Private Fund Management Co.,Ltd agreed to acquire 5% stake in Hangzhou Changchuan Investment Management Partnership (Limited Partnership) from Hangzhou Changchuan Investment Management Partnership (Limited Partnership) for approximately CNY 700 million on November 27, 2023. As of March 7, 2024, adjustment to the transfer price was made and the price was revised from CNY 29.6 per share to CNY 22.4 per share.

Accordingly, the share transfer price likewise changed from CNY 922.4 million to CNY 698 million.