Beijing Heshun Hengtong Technology Co., Ltd. announced that it has entered into an agreement with the new investor Jilin Hengsheng Investment Center (Limited Partnership),and returning investors Beijing Zhangyu Technology Center (Limited Partnership), Xing Guodong, Li Jinxue, and Li Yuan for the gross proceeds of CNY 15,000,000 on June 25, 2023. The transaction has been approved by the general meeting of the shareholders and does not need to be submitted to the general meeting of shareholders for consideration. The company holds 26.3123% of the shares of Heshun Hengtong.

The registered capital of the company is CNY 60,000,000. Before capital increase, Jilin Hengsheng Investment Center (Limited Partnership)for CNY 16,500,000 for 27.5000% stake, Tansun Technology Co., Ltd. for CNY 15,787,380 for 26.3123% stake, Beijing Zhangyu Technology Center (Limited Partnership)for CNY 12,000,000 for 20% stake, Xing Guodong for CNY 8,000,000 for 13.33333% stake, Li Jinxue for CNY 6,000,000 for 10% stake and Li Yuan for CNY 1,712,620 for 2.8544% stake. Post completion, Jilin Hengsheng Investment Center (Limited Partnership) for CNY 16,500,000 for 27.5000% stake, Tansun Technology Co., Ltd. for CNY 2,098.9692 for 32.1916% stake, Beijing Zhangyu Technology Center (Limited Partnership)for CNY 12,000,000 for 18.4043% stake, Xing Guodong for CNY 8,000,000 for 12.2695% stake, Li Jinxue for CNY 6,000,000 for 9.2021% stake and Li Yuan for CNY 1,712,620 for 2.6266% stake.

Tansun Technology Co., Ltd. subscribed the target company’s new registered capital of CNY 5,202,312 yuan at a price of 15,000,000; 5,202,312 yuan of the aforementioned capital increase shall be included in the company's registered capital, and the remaining amount of RMB 9,797,688 shall be included in the company's capital reserve. After the completion of this capital increase, Tansun Technology Co., Ltd. will hold an additional CNY 5,202,312 of capital contribution in the target company, holding a total of 32.1916% of the target company's equity. The company shall complete the industrial and commercial registration of changes related to the capital increase within 15 working days from the delivery date, including but not limited to the completion of industrial and commercial registration of the equity subscribed for the capital increase.

The transaction has been approved by the general shareholders.