China Youth New Energy Strategic Investment No. 1 Private Equity Investment Fund, managed by Fuzhou Development Zone Zhongqing Fund Management Co., Ltd. and D-shine Strategic Emerging Industry Growth No. 1 Private Securities Investment Fund, managed by Shanghai D-shine Investment Management Co., Ltd. signed share transfer agreement to acquire 11% stake in Ningbo Heli Technology Co., Ltd. (SHSE:603917) from a group of shareholders for approximately CNY 170 million on September 17, 2021.

Shi Liangcai will transfer 4,546,600 shares, accounting for 2.90% stake, Fan Kaishu will transfer 3,982,300 shares, accounting for 2.54% stake, Shi Yuanzhi will transfer 3,625,900 shares, accounting for 2.31% stake, Shi Dingwei will transfer 920,700 shares, accounting for 0.59% stake, Cai Zhenxian will transfer 679,000 shares, accounting for 0.43% stake, He Chaoyang will transfer 347,100 shares, accounting for 0.22% stake and Yang Weiben will transfer 3,146,400 shares, accounting for 2.01%. Transaction needs to obtain the approval of relevant regulatory agencies and go through the transfer registration procedures at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.