Heilongjiang Private Listed Enterprise No. 1 Development Fund Partnership Enterprise agreed to acquire 5.5% stake in Jiuzhitang Co., Ltd. from Li Zhenguo for approximately CNY 400 million on June 3, 2021. For consideration, Heilongjiang Private Listed Enterprise No. 1 Development Fund Partnership Enterprise will acquire 47,814,483 Shares at a price of CNY 8.46 per share for a total of CNY404.510526 million.