Zhejiang Jingrui Electronic Technology Co., Ltd., Zhejiang VIE Investment Management Co., Ltd., Chen Jiang and Chen Wenxiao acquired 45.97% stake in Shanghai Wanji Electronic Technology Co., Ltd. for CNY 69.7 million on March 8, 2023. As of September 30, 2022, Shanghai Wanji Electronic Technology Co., Ltd generated total assets of CNY 13.1 million and net liabilities of CNY 24.4 million. The transaction is approved by board of directors of Zhejiang VIE Science & Technology Co., Ltd. and is subject to shareholder’s approval.