Shanghai Chuangjian Investment Center (Limited Partnership), Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) and Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) signed the Equity Transfer Agreement to acquire 43.6996% stake in Yinniu Microelectronics (Wuxi) Co., Ltd. from Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) for CNY 47.6 million on October 27, 2021. Jiangyin Hengrun Heavy Industries agreed to transfer to Shanghai Chuangjian Investment Center (Limited Partnership) a 22.9514% of the shares of Yinniu Microelectronics (Wuxi) Co., Ltd. and the transaction consideration is CNY 25 million, agreed to transfer to Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) a 17.7002% equity of Yinniu Microelectronics, the transaction price was CNY 19.28 million agreed to transfer to Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) a 3.0480% equity of Yinniu Microelectronics, and the transaction consideration was CNY 3.32 million. In November 2021, Jiangyin Hengrun Heavy Industries received 20% (first installment) of the equity transfer payment for a total of CNY 9.52 million, of which Shanghai Chuangjian equity transfer payment was CNY 5 million, Xinhe Hongtai equity transfer payment was CNY 3.85 million, Zhonghe Youchuang equity transfer amount was CNY 6.64 million. Yinniu Microelectronics completed the industrial and commercial change registration procedures for the above-mentioned equity transfer. After the completion of this industrial and commercial change registration, Jiangyin Hengrun Heavy Industries no longer holds equity in Yinniu Microelectronics. Shanghai Chuangjian Investment Center (Limited Partnership), Zhuji Zhonghe Youchuang Enterprise Management Consulting Partnership (Limited Partnership) and Shenzhen Xinhe Hongtai Investment Consulting Partnership (Limited Partnership) completed the acquisition of 43.6996% stake in Yinniu Microelectronics (Wuxi) Co., Ltd. from Jiangyin Hengrun Heavy Industries Co., Ltd (SHSE:603985) on December 8, 2021. Jiangyin Hengrun Heavy Industries has received 80% of the equity transfer payment (final payment) totaling CNY 38.08 million. Among them, Shanghai Chuangjian’s equity transfer is CNY 20 million and Xinhe Hongtai’s equity transfer is CNY 15.42 million. Zhonghe Youchuang equity transfer amount was CNY 2.65 million. So far, Yinniu Microelectronics equity transfer transactions have been completed.