Hangzhou Zhonghu Private Equity Fund Management Co., Ltd. agreed to acquire 9.5% of stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Baida Holding Group Co., Ltd. for approximately CNY 194.97 million on January 19, 2023. 50% of the share transfer payment of CNY 97,489,641.60 shall be paid within 10 days after the transfer of the target shares is completed, and the remaining share transfer payment of CNY 97,489,641.60 shall be paid within 6 months after the completion of the transfer of the target shares. 12.63% stake will be acquired from Baida Holding Group Co., Ltd. and 2.98% stake will be acquired from Taizhou Chuangli New Material Technology. This share transfer still needs to be approved by the compliance review of the Shanghai Stock Exchange, and the share transfer agreement transfer procedures must be handled at China Securities Depository and Clearing Co., Ltd.

Hangzhou Zhonghu Private Equity Fund Management Co., Ltd. completed the acquisition of 9.5% of stake in Zhejiang Baida Precision Manufacturing Corp. (SHSE:603331) from Baida Holding Group Co., Ltd. on April 6, 2023.