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.

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. completed the acquisition of 11% stake in Ningbo Heli Technology Co., Ltd. (SHSE:603917) from a group of shareholders on December 23, 2021.