Hengli Zhenying No. 3 Private Equity Securities Investment Fund managed by Hengli (Shandong) Private Equity Fund Management Co., Ltd signed Share Transfer Agreement to acquire 5% stake in Nanjing ShengHang Shipping Co., Ltd. (SZSE:001205) from Nanjing Yida Huisheng Venture Capital Fund (Limited Partnership), Jiangsu Modern Service Industry Development Venture Capital Fund (Limited Partnership) and Jiangsu Talent Innovation Venture Capital Phase III Fund (Limited Partnership) for approximately CNY 170 million on May 9, 2023. Under Terms of transaction, Yida Huisheng Fund, Modern Service Industry Fund, and Talent Phase III Fund plan to transfer by agreement a total of 8,570,000 shares of Nanjing ShengHang Shipping Co., Ltd to Hengli Fund at CNY 19.4 per share and After the completion of this agreement transfer, Yida Huisheng Fund, Modern Service Industry Fund, and Talent Phase III Fund will hold 5,903,334 shares of the company

Hengli Zhenying No. 3 Private Equity Securities Investment Fund managed by Hengli (Shandong) Private Equity Fund Management Co., Ltd completed the acquisition of and Jiangsu Talent Innovation Venture Capital Phase III Fund (Limited Partnership) for approximately CNY 170 million on June 14, 2023.