Nantong Industries Holding Group Co., Ltd. entered into a contract to acquire 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. (SZSE:300958) for CNY 10 million on April 23, 2023. The security deposit paid by Nantong Industries Holding Group in accordance with the requirements of BCEG Environmental Remediation Co and the property transfer information disclosure announcement shall be converted into a part of the transfer price after Nantong Industries Holding Group Co. pays the remaining transfer price other than the security deposit in accordance with this contract. Nantong Industries Holding Group Co. adopts a one-time payment method, and remits the remaining transfer price of CNY 7.04 million, excluding the security deposit, to the settlement account designated by China Beijing Equity Exchange within 5 working days after this contract takes effect. Following the sale, BCEG Environmental Remediation Co., Ltd. will no longer hold equity in NTGS Environmental Remediation Co., Ltd.

Nantong Industries Holding Group Co., Ltd. completed the acquisition of 48% stake in NTGS Environmental Remediation Co., Ltd. from BCEG Environmental Remediation Co., Ltd. (SZSE:300958) on May 25, 2023. BCEG Environmental Remediation Co., Ltd. has received the equity transfer payment from the Beijing Equity Exchange on May 25, 2023. The equity transfer has been completed.