Guangzhou Gongkong Capital Management Co., Ltd. agreed to acquire 10.25% stake in Beijing Dinghan Technology Group Co., Ltd. (SZSE:300011) from a controlling shareholder for approximately CNY 430 million on December 28, 2020. Guangzhou Gongkong Capital Management Co., Ltd. will become its actual owner after securing 19.37% voting rights. In the acquisition, Guangzhou Gongkong Capital Management Co., Ltd. will acquire 57.3 million shares at a price of CNY 7.5 per share. The first installment of this transaction is 23.51% of the total transaction price, which is CNY 109.8 million. Guangzhou Gongkong Capital Management Co., Ltd. shall pay the first installment to the designated account of Beijing Dinghan Electric Scientific & Technological Co., Ltd within 5 working days from the date when the pledge secured shares of Beijing Dinghan Electric Scientific & Technological Co., Ltd is registered under Guangzhou Gongkong Capital Management Co., Ltd. Beijing Dinghan Electric Scientific & Technological Co., Ltd shall go through the pledge release procedures of the underlying shares within 7 trading days after the completion of the above payment. The second installment of this transaction is 26.49% of the total transaction price, which is CNY 113.7 million. The total of the first installment and the second installment is the transaction 50% of the total price. Within 5 working days after the relevant prerequisites are fulfilled, Guangzhou Gongkong Capital Management Co., Ltd A shall pay to the jointly managed bank account designated by Guangzhou Gongkong Capital Management Co., Ltd and Beijing Dinghan Electric Scientific & Technological Co., Ltd. The third transaction amount is 50% of the total transaction price, which is CNY 214.7 million. Within 5 working days from the date when the underlying shares of this transaction are registered under Guangzhou Gongkong Capital Management Co., Ltd and shall pay the third instalment to the account designated by Beijing Dinghan Electric Scientific & Technological Co., Ltd and cooperate to issue a payment instruction to the co-managed account to transfer the paid second installment Pay to the account designated by Beijing Dinghan Electric Scientific & Technological Co., Ltd. The parties to the agreement agree that within 7 trading days after the completion of the delivery of the underlying shares, the parties shall cooperate in handling the procedures for releasing the pledge of the secured shares. After the acquisition, Guangzhou Gongkong Capital Management Co., Ltd. will have 19.37% of the voting rights of Beijing Dinghan Technology Group Co., Ltd., the Beijing Dinghan Technology Group Co., Ltd. controlling shareholder will be changed from Gu Qingwei to Guangzhou Gongkong Capital Management Co., Ltd., and the actual controller of the company will be changed from Gu Qingwei to Guangzhou Municipal People's Government. Beijing Dinghan Electric Scientific & Technological Co., Ltd shall sign a share pledge agreement with Guangzhou Gongkong Capital Management Co., Ltd. within 7 working days after the relevant prerequisites are fulfilled, provide Guangzhou Gongkong Capital Management Co., Ltd. with a pledge guarantee with 18 million shares of the Beijing Dinghan Technology Group Co., Ltd. held by it, and go through relevant pledge registration procedures. As of July 27, 2021, Guangzhou Gongkong Capital Management has completed the internal approvals required by the board of directors and the board of directors of the superior group. According to the share transfer agreement, it has issued a written confirmation letter confirming the continuation of the transaction to the company. Guangzhou Gongkong Capital Management Co., Ltd. completed the acquisition of 10.25% stake in Beijing Dinghan Technology Group Co., Ltd. (SZSE:300011) from a controlling shareholder on August 18, 2021.